Crypto Market Is Down 14% Since the Fed Cut Rates: The Role of Rising U.S. Treasury Yields

The cryptocurrency market has experienced significant losses in the aftermath of the Federal Reserve’s December 18, 2024, policy announcement. Total cryptocurrency market capitalization has plunged from $3.66 trillion on December 17, just 24 hours before the Fed’s announcement, to $3.16 trillion as of December 23. This $500 billion, or 13.6%, loss in under a week […] source: https://www.cryptoglobe.com/latest/2024/12/crypto-market-is-down-14-since-the-fed-cut-rates-the-role-of-rising-u-s-treasury-yields/