Bitcoin Crashes 10%, Ethereum, XRP Down 18%, Dogecoin Craters 28%: What Is Going On?

Benzinga · Dec 20 20:44

Bitcoin(CRYPTO: BTC) on Friday plummeted approximately 10% to a preliminary low of $92,250, influenced by the Federal Reserve's recent "hawkish" 0.25% rate cut and a combination of profit-taking and technical market forces, according to industry experts.

Ethereum(CRYPTO: ETH) has followed Bitcoin down, falling 16% to $3,115.

Ripple(CRYPTO: XRP) has seen an 18% drop, andBNB(CRYPTO: BNB) is down 12% at $618.

Among the smaller altcoins,Dogecoin(CRYPTO: DOGE) has crashed by 28%, withShiba Inu(CRYPTO: SHIB) andSUI(CRYPTO: SUI) each losing about 25% of their value over the last 24 hours.

Speaking with Benzinga,Forest Bai, Co-founder ofForesight Ventures, attributes this...

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Bitcoin Crashes 10%, Ethereum, XRP Down 18%, Dogecoin Craters 28%: What Is Going On?

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