Cryptocurrency prices are experiencing significant declines, with Bitcoin dropping to under $98,000 after briefly surpassing $100,000. Major digital assets, including Dogecoin and Solana, are also down approximately 7% and 6% respectively. The downturn is attributed to recent job openings data in the United States, which has sparked investor concerns about Federal Reserve actions anticipated in the first half of 2025. These concerns have resulted in a notable surge in crypto liquidations, totaling $385 million within the last 24 hours, predominantly from long positions. The volatility in the cryptocurrency market mirrors the reactions in broader stock markets, highlighting a synchronized response to economic signals. This situation prompts increased caution among investors, as they navigate the challenging economic landscape and what potential rate cuts may imply for market stability.

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