"December is a month that many look forward to as holiday festivities kick into full gear and extended R&R with our loved ones nears. But for cryptocurrency investors, the month is off to anything but a good start. As of the time of this writing, cryptocurrency prices are down across the board on the first day of December trading. This encompasses significant price drops of major cryptocurrencies, including Bitcoin, Ethereum, XRP, and Solana."
"Over the last 30 days, Bitcoin has now declined 21%, dropping from around $111,000 per token to today's current price of just over $86,600. During the same period, Ethereum fell by more than 26%, XRP by more than 18%, BNB by more than 24%, and Solana by more than 31%. Dogecoin is down more than 26% over the past month."
Major cryptocurrencies opened December with broad, steep declines as investors sold digital tokens amid falling risk appetite. Bitcoin dropped about 21% in the last 30 days to roughly $86,600 from near $111,000, while Ethereum, Solana, BNB, XRP, and Dogecoin also fell substantially. Meme coins experienced losses as well. No single event explains the sell-off; multiple factors are likely at play. The most significant immediate factor appears to be uncertainty about whether the Federal Reserve will cut interest rates at its December 9–10 meeting, which is affecting market sentiment and risk positioning.
Read at Fast Company
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