$BTC #BTC☀️

As of December 22, 2024, the cryptocurrency market is demonstrating significant volatility.

Since the beginning of the week, Bitcoin has lost about 5.74% of its value, trading in a range from $92,232 to $108,353.

Ethereum (ETH) is also showing a decline, trading at $3,370.77, which is $45.30 lower than the previous close.

XRP (Ripple) is valued at $2.26, demonstrating slight fluctuations throughout the day.

Solana (SOL) is trading at $185.88, down $2.12 over the past 24 hours.

Cardano (ADA) is priced at $0.908446, which is $0.0186 lower than the previous close.

Among the key events influencing the market, it is worth noting the statement by the head of the U.S. Federal Reserve, Jerome Powell, that the regulator does not consider digital assets as a reserve tool, which triggered mass sell-offs and a decline in cryptocurrency prices.

Analysts warn of possible further declines in cryptocurrency prices in the near future, pointing to the lack of catalysts for growth and ongoing uncertainty in the market.

Investors are advised to exercise caution and closely monitor the developments in the cryptocurrency market.