The crypto market has experienced a sharp decline, dropping approximately 13% from last week’s peak. Despite some economic reports due, the holiday context limits their impact on crypto prices.
Although the Consumer Confidence Index report will be released, its influence is muted due to holiday circumstances. Economic indicators typically impact consumer spending, which represents around 70% of GDP.
Bitcoin has fallen 12.3% from its all-time HIGH of 108,000 USD, trading near 95,100 USD. Ethereum has decreased 20%, indicating potential further declines influenced by liquidity concerns.