Crypto prices today (Dec. 11): BTC, XRP, UNI, DOT retrace after brief Fed rate cut bounce
NegativeCryptocurrency

- Crypto prices experienced a pullback on December 11, following a brief bounce after the Federal Reserve's recent rate cut. The total cryptocurrency market capitalization decreased by 3% to $3.1 trillion, with Bitcoin trading at $89,975, down 2.7% from previous levels. Other major cryptocurrencies like XRP, UNI, and DOT also retraced after the initial surge.
- This decline is significant as it reflects traders unwinding positions in response to the Federal Reserve's monetary policy, which has a direct impact on market sentiment and investment strategies within the cryptocurrency sector. The market's reaction indicates a cautious approach among investors amid ongoing volatility.
- The broader cryptocurrency market has been characterized by fluctuations in response to regulatory developments and macroeconomic factors, such as interest rate changes. The recent rate cut by the Federal Reserve, while initially boosting prices, has led to renewed bearish sentiment, highlighting the delicate balance between monetary policy and market performance. Additionally, XRP's performance has been particularly concerning, with declining metrics and liquidity raising alarms among investors.
— via World Pulse Now AI Editorial System







