Crypto market trading volume has fallen in the past 48 hours, and the Fed’s low interest rate tailwind may have become a headwind

As much of the world celebrated Christmas, Bitcoin (BTC) fell below $93,000 on the eve of the holiday before quietly returning to the $100,000 level. However, the rally stalled just above $99,800 when Asian markets opened Thursday morning, and quickly fell to around $95,000 just a few hours later. Data shows that the price action of cryptocurrencies in the past 48 hours has certainly been carried out on very low trading volumes, and while Bitcoin has still more than doubled so far this year, the decline in the past week may have overlooked the fact that the tailwind of low interest rates may have become a headwind. (Coindes)