Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Settings HOUSTER 41.3K BITCOIN – This is what it means for the next Gulf of BTC

2025-05-10

Nexus launches an AI lab for safe and verifiable artificial inteligence

2025-05-10

While Bitcoin crosses $ 100k, Robinhood rises 15%, BTC Miners’ Time to Shine, and more

2025-05-10
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Nexus launches an AI lab for safe and verifiable artificial inteligence

    2025-05-10

    Renta Network works together with thoughts to introduce AI-driven discovery into the Real-World Assets

    2025-05-10

    Decentralized AI Society to run Hypercycle Masternode

    2025-05-09

    Agi Open Network Partners with AI Sim for Smarter, faster AI agents

    2025-05-09

    Hela Labs to redefine decentralized data possession in collaboration with Insight Genesis

    2025-05-09
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Chainlink keeps strong at $ 15.29 support – is a new breakout on your hands?

    2025-05-10

    NFT-Ecosystemtoken built on Solana (SOL) Hapert after obtaining surprise support from Binance Futures

    2025-05-09

    XRP analyst marks XDC for 3,350% starts as bullish statistics appear

    2025-05-09

    Trader says that the market is ready for a strong reversal after Bullish Move – here is his target for Ethereum and Altcoins

    2025-05-09

    Crypto analyst says the XRP price must remedy this level or risk fries to $ 1.9

    2025-05-09
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin Drops Below $100,000 Amid Powell’s Comments: What’s Next for BTC?
Bitcoin

Bitcoin Drops Below $100,000 Amid Powell’s Comments: What’s Next for BTC?

2024-12-19No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • BTC falls below $100,000 amid Powell’s Fed comments, causing sell-off and market-wide uncertainty.
  • Whale activity is rising as traders monitor BTC resistance at $105,400 to confirm recovery trends.

Bitcoin [BTC] fell below the $100,000 mark on Wednesday evening, December 18, following comments from US Federal Reserve Chairman Jerome Powell.

Powell spoke at a news conference declared that the Federal Reserve is not allowed to hold Bitcoin and has no intention of changing the law to that effect.

In response to a question about a potential US government Bitcoin reserve, Powell clarified:

“We are not looking for a change in the law.”

At the time of writing, Bitcoin was trading at $101,292down 2.01% in the past 24 hours and 0.18% in the past seven days.

Powell’s comments and the FOMC projections are creating uncertainty in the market

The broader crypto market reacted negatively to Powell’s comments and the Federal Open Market Committee’s (FOMC) rate cut projections for 2025.

Powell indicated that the number of expected rate cuts by 2025 would be halved compared to previous projections, causing turmoil in both the cryptocurrency and stock markets. According to Santiment, the announcement led to large-scale sell-offs.

Source:

Altcoins were hit the hardest, with Avalanche, Chainlink and Litecoin losing 16% each and Pepe down 17% in the past 24 hours.

Ethereum [ETH] fell by 6%, while XRP saw a 10% drop. Bitcoin itself broke below the psychological threshold of $100,000, fueling bearish sentiment.

Technical Analysis: Bitcoin’s Critical Resistance Levels

Crypto analyst Ali noted that Bitcoin appears to have broken the head-and-shoulders pattern, which could portend a bearish target of $99,000. However, Ali emphasized that Bitcoin must cross $105,400 to negate the bearish outlook.

See also  Is Bitcoin heading for an uncertain future?

The current price movement suggests that traders are closely watching these levels for further confirmation.

Despite the bearish sentiment, market participants remain active. Data from InTheBlok showed that large Bitcoin transactions over $100,000 remain consistent throughout the year.

Whale activity reached a seven-day high of 926.53k BTC on December 16, indicating continued institutional interest.

Source: IntoTheBlock

Market trends: trading volume, open interest and net flows

Mint glass data showed a 39.05% increase in trading volumes, which reached $150.01 billion, reflecting increased activity. However, open interest fell slightly by 1.10%, now at $67.77 billion.

The options markets showed an increase, with options volume rising 33.15% to $4.28 billion, while open interest in options saw a marginal increase of 0.84% ​​to $41.68 billion.

The alternating currents indicate strong accumulation trends. BTC outflows dominated in 2024, with consistent red bars reflecting reduced selling pressure.

On December 19, a net outflow of $43.3 million suggested that traders would move BTC to cold storage, which is a sign of confidence in the asset.

Source: Coinglass


Read Bitcoin’s [BTC] Price forecast 2024-25


The total crypto market capitalization fell 5% to $3.44 trillion, while trading volumes rose 40% to $251 billion.

The combined data shows that while Bitcoin and the broader market are facing headwinds, traders remain actively engaged and positioning themselves for the next major move.

Next: Solana: Top reasons why SOL could be on the road to recovery

Source link

Bitcoin BTC Comments Drops Powells Whats
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Settings HOUSTER 41.3K BITCOIN – This is what it means for the next Gulf of BTC

2025-05-10

While Bitcoin crosses $ 100k, Robinhood rises 15%, BTC Miners’ Time to Shine, and more

2025-05-10

Bitcoin market cycle indicator Hints at Bullish Breakout Vooruit, says Analyst

2025-05-10

Bitcoin hits $ 100k – so why do BTC ETF stream slow down suddenly?

2025-05-10
Add A Comment

Comments are closed.

Top Posts

Will Solana’s latest efforts advance SOL’s TVL stability? This data shows…

2023-09-27

Warbler Labs runs its Goldfinch protocol with Heron Finance

2023-12-07

This is why a green September close is important for the Bitcoin price

2024-09-20
Editors Picks

Avive World (AVIVE) Price Prediction 2023 2024 2025

2023-12-25

Bitcoin is confronted with critical resistance at $ 91,000, while holders are floating on break-even in the short term

2025-04-19

Why Ethereum’s 6-month low may not be the end

2023-09-12

Dapper Labs Reaches $4 Million Settlement in NBA Top Shot NFT Lawsuit

2024-06-03
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Settings HOUSTER 41.3K BITCOIN – This is what it means for the next Gulf of BTC

Nexus launches an AI lab for safe and verifiable artificial inteligence

While Bitcoin crosses $ 100k, Robinhood rises 15%, BTC Miners’ Time to Shine, and more

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,877.690.84%
  • ethereumEthereum(ETH)$2,416.13-0.39%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.390.60%
  • binancecoinBNB(BNB)$659.764.11%
  • solanaSolana(SOL)$172.683.32%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2254919.30%
  • cardanoCardano(ADA)$0.800.74%
  • tronTRON(TRX)$0.2641751.96%
  • suiSui(SUI)$4.001.28%
  • chainlinkChainlink(LINK)$16.380.17%
  • avalanche-2Avalanche(AVAX)$24.304.68%
  • stellarStellar(XLM)$0.3042111.38%
  • shiba-inuShiba Inu(SHIB)$0.0000165.97%
  • hedera-hashgraphHedera(HBAR)$0.2094743.39%
  • the-open-networkToncoin(TON)$3.423.61%
  • hyperliquidHyperliquid(HYPE)$25.321.79%
  • bitcoin-cashBitcoin Cash(BCH)$421.74-0.19%
  • polkadotPolkadot(DOT)$5.119.90%
  • unus-sed-leoUNUS SED LEO(LEO)$8.70-0.96%
  • litecoinLitecoin(LTC)$103.794.82%
  • moneroMonero(XMR)$319.135.25%
  • bitget-tokenBitget Token(BGB)$4.816.06%
  • pepePepe(PEPE)$0.0000130.07%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.74-1.53%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.651.71%
  • bittensorBittensor(TAO)$452.892.28%
  • nearNEAR Protocol(NEAR)$3.003.04%
  • aptosAptos(APT)$5.821.91%
  • aaveAave(AAVE)$222.423.59%
  • okbOKB(OKB)$55.541.72%
  • ondo-financeOndo(ONDO)$1.040.70%
  • ethereum-classicEthereum Classic(ETC)$19.591.20%
  • internet-computerInternet Computer(ICP)$5.523.45%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.383.44%
  • kaspaKaspa(KAS)$0.1064571.30%
  • crypto-com-chainCronos(CRO)$0.1030561.92%
  • gatechain-tokenGateToken(GT)$22.263.14%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2615221.74%
  • render-tokenRender(RENDER)$5.164.24%
  • vechainVeChain(VET)$0.0309474.54%
  • mantleMantle(MNT)$0.781.00%
  • ethenaEthena(ENA)$0.3810712.10%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.870.86%
  • algorandAlgorand(ALGO)$0.2387121.76%
  • filecoinFilecoin(FIL)$3.082.09%
  • bitcoinBitcoin(BTC)$103,877.690.84%
  • ethereumEthereum(ETH)$2,416.13-0.39%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.390.60%
  • binancecoinBNB(BNB)$659.764.11%
  • solanaSolana(SOL)$172.683.32%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2254919.30%
  • cardanoCardano(ADA)$0.800.74%
  • tronTRON(TRX)$0.2641751.96%
  • suiSui(SUI)$4.001.28%
  • chainlinkChainlink(LINK)$16.380.17%
  • avalanche-2Avalanche(AVAX)$24.304.68%
  • stellarStellar(XLM)$0.3042111.38%
  • shiba-inuShiba Inu(SHIB)$0.0000165.97%
  • hedera-hashgraphHedera(HBAR)$0.2094743.39%
  • the-open-networkToncoin(TON)$3.423.61%
  • hyperliquidHyperliquid(HYPE)$25.321.79%
  • bitcoin-cashBitcoin Cash(BCH)$421.74-0.19%
  • polkadotPolkadot(DOT)$5.119.90%
  • unus-sed-leoUNUS SED LEO(LEO)$8.70-0.96%
  • litecoinLitecoin(LTC)$103.794.82%
  • moneroMonero(XMR)$319.135.25%
  • bitget-tokenBitget Token(BGB)$4.816.06%
  • pepePepe(PEPE)$0.0000130.07%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.74-1.53%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.651.71%
  • bittensorBittensor(TAO)$452.892.28%
  • nearNEAR Protocol(NEAR)$3.003.04%
  • aptosAptos(APT)$5.821.91%
  • aaveAave(AAVE)$222.423.59%
  • okbOKB(OKB)$55.541.72%
  • ondo-financeOndo(ONDO)$1.040.70%
  • ethereum-classicEthereum Classic(ETC)$19.591.20%
  • internet-computerInternet Computer(ICP)$5.523.45%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.383.44%
  • kaspaKaspa(KAS)$0.1064571.30%
  • crypto-com-chainCronos(CRO)$0.1030561.92%
  • gatechain-tokenGateToken(GT)$22.263.14%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2615221.74%
  • render-tokenRender(RENDER)$5.164.24%
  • vechainVeChain(VET)$0.0309474.54%
  • mantleMantle(MNT)$0.781.00%
  • ethenaEthena(ENA)$0.3810712.10%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.870.86%
  • algorandAlgorand(ALGO)$0.2387121.76%
  • filecoinFilecoin(FIL)$3.082.09%