I've been investing in cryptocurrency for a while, but recently I've noticed that the market has been quite volatile. I'm really frustrated to see the prices dropping again. I want to understand why the
crypto market is experiencing another downturn.
7
answers
Valentina
Wed Feb 05 2025
The
crypto market is currently witnessing a notable downturn.
CoinPrince
Wed Feb 05 2025
He indicated that there will be fewer rate cuts in the year 2021.
CryptoKnight
Wed Feb 05 2025
This decline can be largely attributed to the Federal Reserve's recent monetary policy announcement.
CryptoChieftainGuard
Wed Feb 05 2025
The Fed's decision, though involving a 0.25% rate cut, has not been received positively by the market.
Claudio
Wed Feb 05 2025
Chairman Powell's comments during the announcement adopted a hawkish tone.