30s Summary

Bitcoin soared past $100,000, but faced a brief dip below that mark perturbing some crypto experts. Rekt Capital noted potential future market downturn but reminded it could still alter within the week. The dip followed a wider crypto market sell-off after the US Federal Reserve’s decision to reduce interest cuts. However, some traders are unperturbed by the dip, considering it a regular market incident. Despite the recent achievement, Bitcoin’s volatility remains a concern, with warnings of a prolonged recovery period.

Full Article

Bitcoin’s back above $100,000 after a brief drop. This had some crypto-experts worried, but others shrugged it off as just part of the game. A well-known crypto trader who goes by Rekt Capital got his followers’ attention when he mentioned a potential downturn in the crypto market. But he also pointed out that there’s still time for things to change before the week’s out – it’s still a dip until the end of the week “officially” confirms the downtrend.

Around 2 and 3 am on December 19, BTC dipped below $100,000 for the first time since December 13, bottoming out at $99,047, according to CoinMarketCap.

This drop came right after a wider crypto market sell-off following the US Federal Reserve’s decision to cut interest rates and announce fewer cuts than initially planned for 2025.

But, not all traders are sweating the Bitcoin price drop. “This pullback is pretty normal for Bitcoin. We’ve had 8 of them since October,” says Bitcoin Archive. Crypto commentator James Lavish says anyone selling their Bitcoin because of what the Fed said doesn’t know what they’re doing.

This is all happening hot on the heels of Bitcoin breaking the $100,000 barrier for the first time on December 5, with the help of demand for Bitcoin exchange-traded funds, the April halving, and Trump’s election win.

Despite the good news, it’s not all smooth sailing. Bitcoin only surpassed its previous all-time high of $73,679 set in March on November 5, and Rekt Capital says that this kind of price discovery naturally comes with ups and downs. He also pointed out that this is the seventh week of price discovery and corrections are quite common during this period. He also cautioned that it might not be a quick recovery as the correction could continue into the eighth week.