📉🧠
Cryptocurrencies Plummet at the Start of December: Bitcoin Falls Below US$ 86.000 Due to Global Risk Aversion 🚨
The cryptocurrency market started December with a strong wave of selling, driven by a climate of risk aversion among investors due to the complex international macroeconomic landscape.
Key Figures: Bitcoin (BTC) fell by 6%, settling below $86,000. Ether also suffered losses exceeding 7%, falling close to $2,800.
Macro Reason: The plunge is described as a "risk-off start to December," with investors shedding volatile assets due to:
Lower expectations that the FED will cut interest rates.
Persistence of inflation in major economies.
Critical Floor: Analysts indicate that the range of $80,000-$85,000 is a critical support. If this level is breached, a much deeper decline could begin.
#Bitcoin #Cryptocurrencies #RiskAversion #FED #BTC #Volatility
