Is The Crypto Bull Run Over? Top Exec Discusses The Market Crash
The crypto market declined sharply following the Federal Open Market Committee meeting on December 18, where the US Federal Reserve announced a 25-basis-point rate cut but projected only two cuts in 2025 instead of four. Bitcoin's price fell over 5%, dropping below $100,000, while altcoins experienced double-digit declines. The Fed's cautious stance affected risk assets broadly, with the S&P 500 and Russell 2000 indices also declining. Analysts noted that Bitcoin's drop was exacerbated by $600 million in liquidated leveraged long positions. Despite the downturn, some experts maintain a positive long-term outlook for crypto, citing ongoing institutional adoption and favorable technical indicators. Bitcoin was trading at $101,766 at press time.
