Bitcoin (BTC) Price Crashes, Meme Coin Bloodbath and More: Bits Recap Dec 20

TL; DR

Bitcoin (BTC) has fallen 14% in three days, influenced by the Federal Reserve's inflation concerns. The Memcoin market has seen a 20% decline, with assets such as DOGE and SHIB facing double-digit losses and analysts predicting further losses for the former. XRP hit a multi-day low below $2, but industry participants remain optimistic, highlighting potential key triggers for future rallies, including the Ripple ETF and regulatory decisions.

BTC lost $13k in three days.

At the start of the business week, Bitcoin (BTC) reached a new all-time high above $108,000. Its market capitalization has crossed the $2 trillion mark, making the cryptocurrency bigger than Saudi Aramco and other prominent corporations.

However, the peak period was short, and the bulls a Main Blow in the next few days. BTC fell to $101,000 on December 18 and below $93,000 in the past several hours. Currently, the asset is valued at around $93,200 (according to CoinGecko data), which represents a 14% drop on a three-day scale.

The market began to look again shortly after the US Federal Reserve announced The latest price cut. It cut the benchmark by 0.25%, but Chairman Jerome Powell hinted that The policy can stop there. Due to rising inflation next year. Also, the central bank is not allowed to buy BTCDespite Donald Trump's promises..

While the 13-big loss in three days seems overwhelming, some factors suggest the Bulls may be back in action soon. Recently, the Crypto analysis platform Santiment Estimate BTC's fall fueled discussions about buying the dip until early August. At the time, the property's value had fallen below $50,000, but a few days later, it had risen to more than $62,000. It will be interesting to see if history repeats itself this time around.

Heavy bleeding in the niche of the coin

The meme coin sector has been affected more than BTC. The market capitalization has decreased by 20% Daily balanceIt's falling below $100 billion.

Major assets including Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Bonk Inu (BONK); dogwifehat (WIF), and many others, have charted double-digit losses. is it. so true Challenging to find Memcoin is in green today, with few exceptions being ZEREBRO.

Some analysts keep out More losses in the sector, especially touch on Doug. Jake Woodstick thinks it could drop to $0.27, while Rose Premium Signals predicts a move to $0.22. However, the latter thinks that DOGE can and then He turned back again and continued his bull run.

How is XRP working?

Finally, we focus Ripple's native token, Today (December 20, 2007) is deep in the red. It currently sells for $2. That's it. The lowest mark in the last ten days.

Many industry participants, however, foresee good days ahead for XRP's army. An analyst recently He advised Investors withdraw money only seven times Important Things happen.

Those include the introduction of Ripple's stablecoin, the inauguration of Donald Trump, the Ripple v. A possible solution to the SEC case, the departure of Gary Gensler from the regulator, the start of the altseason, the partnership between the company and a large banking institution and possible include. Launch of the XRP ETF.