The White House crypto czar David Sacks announced a “Golden Age” with the U.S. GDP growing at 4.3% in Q3 and CPI rising at 2.7% in November, following the Federal Reserve’s interest rate lowering to 3.5% to 3.75%. Gold hit $4,441.92 and S&P 500 reached 6,909.79 on Dec. 23.

Despite the impressive figures, popular TV personality Jim Cramer noted a drop in tech stocks like Nvidia and crypto after a big number falls. Cramer expressed frustration at the ongoing market situation post-Oct. 10 crash, impacting Bitcoin, which trades at $87,142.71 on Christmas Eve.

The total crypto market cap has remained flat at $3 trillion for the last seven days, with Bitcoin down 0.5% in a week. Crypto analyst Michaël van de Poppe expressed frustration at Bitcoin being 35% lower than its record high, while other top cryptocurrencies like Ethereum, BNB, and XRP also saw declines.

Read more at Yahoo Finance: Markets tumble on Christmas Eve despite GDP surge