World’s largest cryptocurrency Bitcoin and Ethereum fell by nearly 3% after the US Federal Reserve struck a cautious tone, pointing to rising inflation risks and weakening employment. This tempered expectations of sharp rate cuts.
On Thursday, December 11, Bitcoin was trading at $90,154, while Ethereum stood at $3,193.
Over the last 24 hours, Bitcoin declined 2.68% and Ethereum dropped 3.53%. Several major altcoins — including XRP, BNB, Solana, Tron, Dogecoin, Cardano, and Hyperliquid — also posted losses of more than 7% during the same period. As per CoinMarketCap data, the overall global crypto market capitalisation dipped 2.88% to $3.06 trillion.
“Even though Bitcoin and Ethereum have corrected after the Fed’s cautious rate cut, this phase can be healthy for long-term investors. A pullback allows the market to cool off, reset leverage, and build a stronger foundation for the next leg of growth. Investors who stay focused on fundamentals rather than short-term price swings often benefit the most during such periods. This is a good time to revisit long-term allocations, accumulate gradually if it fits their strategy, and prepare for opportunities that typically emerge after periods of consolidation,” said Avinash Shekhar, Co-Founder & CEO, Pi42.
(This is a developing story)
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