Cryptocurrency prices are showing an overall downward trend. In the case of Bitcoin, the $92,000 level briefly broke.
As of 8:10 a.m. on the 11th, Bitcoin was at $92,343 on CoinMarketCap, a global coin price tracker, down 0.35% from 24 hours earlier. Bitcoin topped $94,000 earlier in the morning but then fell.
Ethereum, the No. 2 by market cap, is trading at $3,345, up 0.68% from 24 hours earlier. Solana is down 0.72% at $137, and XRP (Ripple) is down 2.73% at $2.05.
On this day, the U.S. Central Bank, the Federal Reserve (Fed), cut rates by 0.25 percentage point. It is the third rate cut this year. Even so, analysis says crypto prices are falling as the level of rate cuts expected next year falls short of market expectations. The dot plot (interest rate projections) forecast a 0.25 percentage point cut in 2026 and an additional 0.25 percentage point cut in 2027.