From Investing.com

December 13, 2024 01:14 AM:

Bitcoin saw a slight dip as traders wait for the Federal Reserve rate decision. President-elect Donald Trump’s comments on making the U.S. a crypto leader briefly boosted Bitcoin, but it quickly dropped back down. Bitcoin fell 0.7% to $99,961.4. Expectations for the Fed’s rate decision next week are high, causing uncertainty in the market.

Crypto market data shows sustained inflows into Bitcoin and Ether spot ETFs in early December. Bitcoin ETFs had eleven consecutive days of inflows, with Blackrock’s iShares Bitcoin Trust leading. Spot Ether ETFs saw 14 straight days of inflows, with Blackrock and Grayscale ETFs attracting the most. This signals increased institutional interest in crypto.

Altcoins followed Bitcoin’s losses as they retraced some gains made earlier in the week. Altcoins had outpaced Bitcoin recently due to optimism around U.S. regulations. Ethereum dropped 0.3% to $3,916.31, while Cardano fell 3.6% to $2.3458. Other altcoins like Solana, XRP, and Dogecoin also saw declines, reflecting the overall market trend.

Read more at Investing.com: dips below $100k as rate jitters mount before the Fed By Investing.com