$BTC $BTC
Today, December 19, 2024, the cryptocurrency market is proving a downward adjustment after strong recent increases.
Ethereum (ETH) also fell 4.73%, trading at $3,702.5.
Other cryptocurrencies such as BNB, XRP, Cardano (ADA), Dogecoin (DOGE), Solana (SOL), Polkadot (DOT), Litecoin (LTC), and Chainlink (LINK) all recorded declines of 2% to 9% in the past 24 hours.
This adjustment comes after Bitcoin reached a record high of over $108,000 on December 18, 2024.
The main reason is attributed to the safe actions of advisors and cautious sentiment before the decision on interest rates by the U.S. Federal Reserve (Fed).
Despite the short-term adjustment, many experts remain optimistic about the long-term development of the cryptocurrency market, especially as financial institutions and businesses continue to show interest and invest in this sector.
However, advisors should maintain caution, monitor market activities and economic information ⚠️⚠️❗️