On Thursday, the bitcoin exchange rate fell below the $100 thousand mark and continued its decline on Friday. The key factor influencing the dynamics of the market was forecasts of a slower reduction in the Fed's interest rate next year. Currently, the cost of bitcoin has decreased by 2.6%, reaching the level of $92,936. Coindesk data shows that over the past five trading sessions, the cryptocurrency has lost 7.8% of its value. However, despite the current correction, bitcoin has managed to increase in price by more than 2.2 times since the beginning of the year. Also on Thursday, the total capitalization of the cryptocurrency market recorded a drop of 7%, falling to $3.41 trillion. The digital asset market was influenced by the results of the Fed's meeting on Wednesday. In addition to the expected reduction of the key rate by 25 basis points, the regulator has published a revised forecast. According to the new data, the rate will be reduced twice in 2025, instead of the previously expected four times. Earlier, bitcoin broke the $108,000 mark, but soon fell below $100,000. This drop coincided with a general downturn in the stock market, which increased pressure on the entire cryptocurrency sector.
