Bitcoin drops to $96k, triggered by chart error, low volumes, and Fed's hawkish stance

From Investing.com

December 27, 2024 2:07:23 am:

Bitcoin continued to decline, dropping 2.1% to $96,403.7 amid low year-end trading volumes and caution from investors after the Federal Reserve’s hawkish stance.

A TradingView chart error caused Bitcoin to dip to $95,000, triggering sudden trading reactions and liquidating around $33 million in long positions within four hours.

Bitcoin was on track for a second weekly fall following a rally post-Trump’s election victory, with prices hitting an all-time high last week before falling due to profit-taking and Fed rate outlook.

Other cryptocurrencies mirrored Bitcoin’s decline, with altcoins experiencing losses amid liquidity concerns after the Fed’s hawkish stance, with popular cryptos like  and  also seeing drops.

Read more at Investing.com: dips to $96k in thin trading, tracks 2nd straight weekly fall By Investing.com