🔥 ETH Drops Over 30%. Did the Trump Family Know When to Buy?
posted 5 hr ago
Between December 19 and 20, the crypto market plunged once again. Bitcoin fell below the $93,000 mark, while ETH lost 30% over a few days, declining from $4,100 to nearly $3,100. The last time ETH reached this price was a month ago.
This sharp downturn followed a U.S. Federal Reserve meeting where Chair Jerome Powell made hawkish remarks regarding potential monetary policy for 2025. He notably stated that the central bank is “not allowed to own bitcoin.”
ETH/USDT chart, Dec 16–20. Source: WhiteBIT
On December 19, U.S. spot Bitcoin ETFs recorded the largest net outflow in history, totaling approximately $680 million, according to SoSoValue. In comparison, U.S. spot Ethereum ETFs saw a smaller net outflow of ~$60.47 million.
Even the announcement of approval for combined spot Bitcoin and Ethereum ETFs—a development we previously covered—did not prevent the continued decline of the crypto market.
However, by December 20, the market began to show signs of recovery. At the time of writing, BTC had surpassed the $97,000 mark, while ETH climbed back above $3,350.
Interestingly, as the market steadied (at least for BTC and ETH), World Liberty Financial, a project reportedly connected to Donald Trump's family, made headlines. According to Lookonchain’s post on X, the project exchanged 2.5 million USDC for ETH during this period.
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