BTC, ETH, SOL, XRP and DOGE slide
Investors are scaling back on risk assets amid declining hopes that the Federal Reserve will cut rates before the end of the year. Summary The crypto market crash affected most major crypto assets. The likelihood of December rate cuts has fallen to just 33%. Bitcoin could fall to 75,000 if macro conditions further worsen The crypto market is facing another sharp sell-off today amid deteriorating macro conditions. On Thursday, November 20, Bitcoin fell 2.52% to $86,585, its lowest level since April. Ethereum (ETH) fell to $2,818, erasing all its gains since July. Altcoins demonstrated even greater volatility. Solana price went from its daily high of $144 to $132, while XRP (XRP) price fell below the crucial psychological level of $2. Dogecoin (DOGE), the biggest memecoin, fell from its daily high of $0.1591 to $0.1473. The reason for this decline is mainly due to overall market conditions. Crypto is increasingly integrated into traditional finance, Jamie Elkaleh, CMO a...