Nigeria, Dec. 19 -- Bitcoin dropped from $104,000 after the announcement to $99.1K following the Fed Chair's address on Thursday, an almost 5% decrease in the last day.

The altcoin market did worse, with Litecoin's LTC, Cardano's ADA, and XRP all dropping 10% before rising above their lows.

According to Coinglass data, a total of $809 million was liquidated, with 278,901 dealers being liquidated for the day. Binance's ETHUSDT has the greatest single liquidation order, totalling $7.1 million.

For the cryptocurrency market, a less dovish monetary policy in 2025 is terrible news.

The emphasis today shifted to look for clues about the Fed's future policy decisions, including the policy statement, updated economic forecasts, and the upcomi...