{"id":4499,"date":"2024-12-19T20:18:42","date_gmt":"2024-12-19T20:18:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4499"},"modified":"2024-12-19T20:18:42","modified_gmt":"2024-12-19T20:18:42","slug":"bitcoin-price-craters-6-5-to-96500-what-is-going-on","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4499","title":{"rendered":"Bitcoin Price Craters 6.5% To $96,500: What Is Going On?"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) prices continued their downward trajectory on Thursday, falling 6.5% over the past 24 hours as markets digest the Federal Reserve <a href=\"https:\/\/www.benzinga.com\/news\/econ-s\/24\/12\/42561549\/fed-slashes-interest-rates-by-0-25-as-predicted-december-dot-plot-flags-only-2-potential-cuts-in-2025\">meeting the day prior<\/a>.<\/p>\n<p><strong>What Happened:<\/strong> CoinDesk senior analyst James Van Straten highlighted that Wedneday&#8217;s sell pressure totaled $2.7 billion (26,000 BTC)\u2014the sixth-highest daily outflow this year. <\/p>\n<p>While retail investors remain largely inactive, larger players are waiting patiently for optimal entry points, <a href=\"https:\/\/x.com\/btcjvs\/status\/1869790510363103606\">suggesting<\/a> a bullish undertone in the market.<\/p>\n<p><strong>Trader Takes:<\/strong> Roman, a crypto trader, <a href=\"https:\/\/x.com\/Roman_Trading\/status\/1869798879878885781\">noted<\/a> the 5% drop is minimal, attributing it to an overleveraged market. He sees the correction as a necessary step for Bitcoin to continue trending &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42601987\/bitcoin-price-craters-65-to-96500-what-is-going-on\" alt=\"Bitcoin\" price craters to what is going on>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) prices continued their downward trajectory on Thursday, falling 6.5% over the past 24 hours as markets digest the Federal Reserve meeting the day prior. What Happened: CoinDesk senior analyst James Van Straten highlighted that Wedneday&#8217;s sell pressure totaled $2.7 billion (26,000 BTC)\u2014the sixth-highest daily outflow this year. While retail investors remain largely [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4499","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4499"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4499\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}