Oh dear! The cryptocurrency market is having one of those days… or should I say weeks? More like a MONTH! The prices of Bitcoin, Ethereum, and Dogecoin have all gone for a tumble, and investors are shaking their heads wondering, “How on Earth did we end up here?” Just when things seemed to be turning around, bam-back down they go! Prices are plummeting faster than you can say “blockchain.” š
FED’s Doubts Make Crypto Prices Even Doubtful
So, what’s the big fuss? Well, it turns out that the ever-so-mysterious Federal Reserve is casting some serious doubt on everything. Neel Kashkari, the President of the Federal Reserve Bank of Minneapolis, has made it clear that the future of interest rates is, well, a little… uncertain. Could we have a third rate cut? Maybe. Maybe not. And when the Fed stumbles, the crypto market trips and falls. š§
Apparently, the economic data has been stronger than expected, which is like telling a rollercoaster, “Hey, don’t go downhill so fast!” Investors are now scratching their heads and second-guessing everything they thought was going to happen. And guess what? Bitcoin, Ethereum, and Dogecoin are all feeling the burn. Prices are dropping faster than a hot potato in a game of “who’s holding it?”
The Crash That Just Won’t Quit
CoinMarketCap reports that Bitcoin has crashed below $97,000 for the first time since May 2025. And it’s not just a little dip-oh no, it’s a whopping 5% drop this week and another 6.4% in just ONE day! Ouch. And to make it worse, long-term BTC holders are dumping their coins like they’re going out of style. Talk about a panic sale! š±
Meanwhile, Ethereum is barely hanging on by a thread, losing more than 10% in just the past 24 hours. Over the past week? Another 5% gone. ETH is now trading at $3,200-down 35% from its peak earlier this year. So, if you thought Ethereum was doing great… well, you might want to check your wallet again. š¬
And then there’s Dogecoin. Poor little Doge. While it’s not taking quite as much of a beating as its bigger siblings, it’s still down about 2.3% this week and another 8% in just one day. At this point, it seems like the only thing not falling is the hope of anyone who thought Dogecoin would moon. šš
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2025-11-14 18:57