Economy Bitcoin falls below 100,000 dollar mark ahead of US interest rate decision
Bitcoin fell below the 100,000 dollar mark on Monday night. The reasons cited by the market for the setback are the uncertainty surrounding the Federal Reserve's interest rate decision on Wednesday and the weakness of US technology stocks.
27.01.2025, 10:21
SDA
On Monday morning, Bitcoin was trading at 99,000 dollars. This means that the "crypto lead currency" has lost around 6 percent in value within 24 hours.
Meanwhile, many of the larger altcoins fell even more sharply. For example, Ether, the second-largest blockchain currency by market capitalization, lost more than 8% on the day, while Ripple's Solana and XRP even fell by double-digit percentages.
Investors are currently focusing on the US Federal Reserve's interest rate decision next Wednesday. In the meantime, the majority of the market is assuming a pause in interest rates, which is weighing on investments classified as risky. Investors on the crypto market are also likely to take profits following the recent sharp rise, according to market opinion. In addition, the weakness of US technology stocks due to concerns about the Chinese AI model Deepseek is also weighing on the crypto market.
