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Risk aversion drags down cryptocurrencies.. and #Bitcoin below $87,000
Cryptocurrencies experienced collective declines due to many investors' reluctance to take risks, while anticipation and waiting dominated trading ahead of a busy week with economic data and central bank decisions.
The #بيتكوين coin fell by 1.86%, recording $86,860, while the #إيثيريوم coin dropped by 2.64%, reaching $3,007. The #سولانا coin declined by 2.7%, registering $126, and the #دوجكوين coin decreased by 2.66%, at $0.130. The XRP coin fell by 3.29%, to $1.92.
Bitcoin faced difficulty in determining a clear direction in recent sessions amid investors' hesitation to open new positions before the release of a series of key U.S. data, which are expected to play an important role in shaping interest rate expectations.
Markets are awaiting the release of employment data, weekly unemployment claims, November inflation data, as well as preliminary December Purchasing Managers' Index (PMI) readings, seeking signals about the strength of the U.S. economy.
Statements from Stephen Miran and Christopher J. Waller, members of the Federal Reserve Board of Governors, will also attract significant attention,
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