The crypto market is facing significant declines, with Dogecoin suffering a 21% drop in just two days. Starting the year on a high note, Dogecoin's price surged from $0.314 to nearly $0.40 but has since reverted back to $0.314 as of January 9, 2025. This drop marks a complete loss of its gains. Other cryptocurrencies are also experiencing downturns; Bitcoin plummeted from over $100,000 to a low of $91,250, while Solana has fallen 11% this week. The sell-off was triggered by concerns regarding fewer interest rate cuts in 2025 and comments from the Federal Reserve that unsettled investors. As a result, a significant amount of capital has been withdrawn from Bitcoin and Ethereum exchange-traded funds, further contributing to the downward trajectory in prices.

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