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Crypto Radar: Bitcoin Balances on the Edge Amid Market Decline

Crypto Radar: Bitcoin Balances on the Edge Amid Market Decline

The crypto market ends the week in the red, with Bitcoin hovering around $91,000. Analysts are divided on the short-term outlook, with some predicting a further dip to $85,000 while others believe the bottom is in. Ethereum and XRP also see losses, though minor recovery attempts are underway.

Crypto Radar: Bitcoin Plunges as Japan's Rate Shifts Rattle Markets

The crypto market started December with heavy losses, with Bitcoin dropping over 7%. The downturn is largely attributed to rising interest rates in Japan, which is prompting the unwinding of the yen carry trade, leading to widespread sell-offs in risk assets.