The post Crypto Market Falls By 3%, How Soon Will It Recover? appeared on BitcoinEthereumNews.com.

The crypto market has witnessed gloomy trading this week with a slump of around 3% today, while Bitcoin and top altcoins witnessed a significant retreat. This recent slump indicates that the investors are staying on the sideline due to the absence of any significant catalyst that could boost their sentiments. However, despite that, many experts said that these pullbacks are very likely during the bull run of the assets. Why Is the Crypto Market Falling Today? Despite the recent crypto market retreat, a flurry of experts deem it as a buying opportunity. It also reflects the long-term confidence of the traders towards the sector, especially with the shifting focus of the global investors towards the digital assets space. So, let’s explore the potential reasons behind the recent dip and see how soon can the market witness a recovery. US Fed’s FOMC Minutes Fuels Concern The latest US Fed’s FOMC minutes from the December meeting appear to have weighed on the financial market sentiment, let alone the crypto space. Notably, the latest FOMC indicated that the US Federal Reserve would be moving more slowly on interest rate cuts through this year due to uncertainty surrounding President Donald Trump’s policies. The FOMC minutes revealed concerns about inflation and the potential impact of Trump’s policies on the US economy. Although the minutes have no mention of Trump, it signaled that the central bank would move cautiously with their rate cut plans ahead. As a result, the Fed reduced its outlook for expected cuts in 2025 to two from four, assuming quarter-point increments. This cautious approach has sparked concerns among investors, further adding to the recent market crash. Notably, the market also witnessed a selloff last month, when Fed Chair Jerome Powell also hinted towards a similar move. Robust US Jobs Data The recent…

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Filed under: News - @ January 9, 2025 12:25 pm