Altcoins Closing the Year in Disappointment: Expert Pointing to the FED, Made a Summit Comment! - Coin Bulletin

Crypto markets saw significant losses due to a strong dollar and end-of-year uncertainties, with Ripple and other major altcoins experiencing the biggest drops.

Crypto markets are experiencing a decline in the last days of the year due to global economic fluctuations. Ripple (XRP) was the biggest loser in the second to last day of the year in the cryptocurrency market.

Maksym Sakharov, co-founder of WeFi, stated that despite the stagnation caused by last week's interest rate cut, Bitcoin and altcoins have not yet reached their price peaks.

According to Sakharov, the recorded sales in the market are due to sudden reactions to macroeconomic policies uncertainties.

In addition, it is stated that the Federal Reserve's preparation for higher rates for next year despite inflation being close to %2 levels could change the direction of monetary policy and affect the market.

The macroeconomic situation brought selling in cryptocurrencies

This situation, combined with the year-end liquidity decrease and profit realization, prevented the anticipated 'Christmas rally' in the cryptocurrency markets. Although Bitcoin prices showed a decrease of approximately 4% this month, they are attracting attention with a 47% increase in the last quarter.

Maksym Sakharov, in his statement to CoinDesk, said the following:

Due to the recent rate cuts and uncertainties regarding macroeconomic policies, the market's reaction resulted in sales. However, with the inauguration of US President Donald Trump, it is expected that more corporate companies will enter the Bitcoin ecosystem. This situation may mean that the price of Bitcoin can move independently from traditional macroeconomic factors.