#USConsumerConfidence
The cryptocurrency market today, January 27, 2025, witnessed a significant decline in the values of several major currencies. Bitcoin fell by 5.5% to $98,864, while XRP fell by 11% to $2.75. Other currencies such as Ethereum, Solana, and Dogecoin also witnessed significant declines.
This decline is attributed to several factors, including the announcement by the Chinese company DeepSeek of an open-source artificial intelligence model that competes with ChatGPT, which raised concerns in the technology sector. In addition, there are expectations that the US Federal Reserve will maintain high interest rates for a longer period, which negatively affected the markets. Analysts point out that profit-taking operations before the Federal Reserve announces interest rates may be a reason for this decline.
Despite this decline, Bitcoin is still trading above the $100,000 mark, with its current price at $102,378. Ethereum is also trading at $3,218.67, and BNB at $689.94.
The cryptocurrency market today, January 27, 2025, witnessed a significant decline in the values of several major currencies. Bitcoin fell by 5.5% to $98,864, while XRP fell by 11% to $2.75. Other currencies such as Ethereum, Solana, and Dogecoin also saw significant declines.This decline is attributed to....
