Reported 1 day ago
On January 7, 2025, both cryptocurrencies and tech stocks saw notable declines, with Bitcoin dropping over 5% to $96,909, due to stronger-than-expected economic indicators that may delay Federal Reserve rate cuts. Ethereum and Solana also fell significantly, reflecting investors' shifted expectations as reports indicated increased job openings and lowered hiring rates. This economic backdrop led to decreased chances of rate cuts before June, resulting in broader market declines, including a 1.1% fall in the S&P 500.
Source: YAHOO