{"id":4532,"date":"2024-12-20T13:01:57","date_gmt":"2024-12-20T13:01:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4532"},"modified":"2024-12-20T13:01:57","modified_gmt":"2024-12-20T13:01:57","slug":"bitcoin-crashes-10-ethereum-xrp-down-18-dogecoin-craters-28-what-is-going-on","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4532","title":{"rendered":"Bitcoin Crashes 10%, Ethereum, XRP Down 18%, Dogecoin Craters 28%: 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>) on Friday plummeted approximately 10% to a preliminary low of $92,250, influenced by the Federal Reserve\u2019s <a href=\"https:\/\/www.benzinga.com\/24\/12\/42610958\/expecting-up-to-four-fed-rate-cuts-in-2025-says-this-analyst-despite-hawkish-powell-saying-it-was-close-on-the-decision-to-cut-or-not-heres-why\">recent \u201chawkish\u201d 0.25% rate cut<\/a> and a combination of profit-taking and technical market forces, according to industry experts.<\/p>\n<p><strong>Ethereum <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) has followed Bitcoin down, falling 16% to $3,115.<\/p>\n<p><strong>Ripple <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/xrp\/usd\">XRP<\/a>) has seen an 18% drop, and <strong>BNB <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/bnb\/usd\">BNB<\/a>) is down 12% at $618. <\/p>\n<p>Among the smaller altcoins, <strong>Dogecoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/doge\/usd\">DOGE<\/a>) has crashed by 28%, with <strong>Shiba Inu <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/shib\/usd\">SHIB<\/a>) and <strong>SUI <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">SUI<\/a>) each losing about 25% of their value over the last 24 hours.<\/p>\n<p>Speaking with Benzinga, <strong>Forest Bai<\/strong>, Co-founder of <strong>Foresight Ventures<\/strong>, attributes this downturn to the Federal Reserve\u2019s hawkish stance and reduced expectations for future rate cuts, which have tightened macro liquidity. <\/p>\n<p>\u201cBitcoin&#8217;s recent pullback marks the first significant market adjustment since the post-U.S. election euphoria,\u201d Bai stated, highlighting that such 20% &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42614273\/bitcoin-crashes-10-ethereum-xrp-down-18-dogecoin-craters-28-what-is-going-on\" alt=\"Bitcoin\" crashes ethereum xrp down dogecoin craters what is going on>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) on Friday plummeted approximately 10% to a preliminary low of $92,250, influenced by the Federal Reserve\u2019s recent \u201chawkish\u201d 0.25% rate cut and a combination of profit-taking and technical market forces, according to industry experts. Ethereum (CRYPTO: ETH) has followed Bitcoin down, falling 16% to $3,115. Ripple (CRYPTO: XRP) has seen an 18% [&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-4532","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\/4532","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=4532"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4532\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}