Bitcoin Price Drops Below $100,000

Bitcoin experienced a significant drop of over 10% from its record high, falling to around $95,000, as investors reacted to the Federal Reserve's hawkish stance on interest rates and inflation concerns. The decline in cryptocurrency prices weighed heavily on smaller tokens like Ether and Dogecoin, while technology stocks also faced downward pressure amid fears of a potential U.S. government shutdown. The Federal Reserve's announcement of fewer expected rate cuts in 2025 fueled a broader risk-off sentiment in the markets, prompting analysts to advise caution and portfolio adjustments. Stock futures, particularly in the Nasdaq-100, were down, reflecting anxiety over the upcoming inflation report and its implications for monetary policy. Economists anticipate that tariffs proposed by President-Elect Trump could further elevate inflation, affecting market stability. As market dynamics shift, traders are closely monitoring economic indicators to navigate the uncertain landscape ahead.