Bitcoin

🔸Crypto market corrects on Fed forecasts🔸

🔻 The crypto market saw a significant drop on Friday night, with majors such as Dogecoin (DOGE), Solana (SOL), Cardano (ADA), and Ethereum (ETH) experiencing significant declines. The drop came on the heels of the Federal Reserve’s updated economic forecasts, which indicated cautious optimism about inflation and interest rates in 2025.

🔹Market Key Points🔹
🔹 Bitcoin (BTC) fell 4.6% to $95,875, after hitting an all-time high of $108,268 earlier this week.
🔹 Dogecoin (DOGE) saw the steepest decline of 15% to $0.3066, 34% below its 2024 peak.
🔹 Solana (SOL) fell 13% to $182, while Cardano (ADA) and Ethereum (ETH) recorded declines of 12.3% and 10%, respectively.
🔹 The total crypto market cap fell 6.75% to $3.28 trillion.
🔹 Over $1.17 billion in long and short positions were liquidated in the past 24 hours, with Bitcoin accounting for $241 million (according to CoinGlass).