Bitcoin's Sharp Decline

On a recent Monday, Bitcoin experienced a significant drop, reaching its lowest price point since November 26. The cryptocurrency saw a decrease of over 3%, with prices just above $91,000. This downturn is attributed to the cautious signals from Federal Reserve officials regarding the pace of interest rate cuts, which has dampened the appetite for risky investments.

Market Performance Overview

Despite the recent drop, Bitcoin has shown a remarkable recovery in the past six months, with a 53.9% increase. However, the past month has been challenging, with a 10% decline in value. Similarly, Ethereum also faced a downturn, plunging 5.76% to $3,077.835 at the same time.