Instead of up like last week, Bitcoin starts the Christmas week with red numbers. Ethereum, Ripple and Solana are also posting losses. Over the weekend, Bitcoin was unable to recover from its correction, posting a ten percent loss on a weekly basis. At the time of writing, the leading crypto stands at US$95,400 (€87,600).

The market capitalization of the leading crypto amounts to 1.88 trillion U.S. dollars (€1.73 trillion). With this, BTC defends its place among the world's ten most valuable assets, ranking above Saudi Aramco and after Alphabet (Google) in the rankings.

Among the top 10 most valuable cryptocurrencies, Dogecoin (down 20 percent), Cardano and Solana (both down 15 percent) as well as Ethereum (down 15 percent) and Ripple (back to spot 4 with a 7 percent drop) are among the biggest losers. The total market capitalization currently stands at US$3.3 trillion (€3.04 trillion).

The reason for the sudden drop in rates: the recent statements by the U.S. central bank. The Fed again cut interest rates by 25 basis points on December 18, while slowing the pace of further rate cuts. How many interest rate cuts to expect before 2025 was left open by monetary authorities. The majority of economists who Bloomberg surveyed in a study, assumes three interest rate cuts by 2025.

The correction leaves investors feeling insecure. The Fear and Greed Index, which describes market sentiment, has fallen by one point in the past 24 hours. At the time of writing, the indicator stands at 50 points, meaning "neutral.

Of course not surprising, because: After the correction, there are only 92 percent of all Bitcoin investors at a profit. With Ethereum, this number has fallen to 88 percent. By comparison, seven days ago the numbers were 96 percent for Bitcoin and 94 percent for Ethereum, such as demonstrate data from Glassnode.