The prices of Bitcoin and Ethereum, the world's largest cryptocurrencies, have fallen by nearly 3% after the US Federal Reserve announced a cautious tone due to rising
As of Thursday, December 11, Bitcoin was trading at $90,154, while Ethereum stood at $3,193. Over the last 24 hours, Bitcoin declined 2.68% and Ethereum dropped 3.53%.
Several major altcoins, including XRP, BNB, Solana, Tron, Dogecoin, Cardano, and Hyperliquid, also posted losses of more than 7% during the same period. The overall global crypto market capitalization dipped 2.88% to $3.06 trillion, according to CoinMarketCap data.
According to Riya Sehgal, Research Analyst at Delta Exchange, the US Federal Reserve's cautious macro outlook has kept risk appetite muted. Jerome Powell, the Fed Chair, signaled limited room for further easing, which has affected the crypto market. Sehgal also noted that Bitcoin's failure to reclaim $94,000 shows fading bullish strength, with support at $89,500–$87,500.
Nischal Shetty, Founder of WazirX, believes that Bitcoin is positioned for upward pressure driven by easier liquidity, renewed risk appetite, and a softer dollar. However, he also notes that short-term movements remain tightly bound to macro signals and shifting rate expectations. Volatility will persist, yet the current environment leans toward renewed upside momentum for Bitcoin as global liquidity improves.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not the author. We advise investors to check with certified experts before making any investment decisions.
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