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After reaching all-time highs of ~$108K, Bitcoin hit a wall on Wednesday as hawkish sentiment from Fed Chair Jerome Powell sent it as low as ~$93K on Friday before recovering slightly. As a result, the market will be much more cautious through the end of the year, at least.
This pain didn’t just hit crypto, though. The stock market also dropped, seeing its worst day since 2022. While pullbacks like these prove typical of all bull markets, the road going forward looks to be favoring conservative approaches for the foreseeable future. As a parting note, remember to watch the tokens that remain green on the week or even on the day to gauge where strength remains in the market.
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