#Bitcoin and Ethereum prices are down.#

Recent declines in Bitcoin and Ethereum prices are primarily attributed to macroeconomic data that has sparked concerns about long-term inflation. Presto Research analyst Min Jung pointed out that markets, including stocks, have been weak due to concerns about persistent inflation, with not only cryptocurrencies but also the Nasdaq and S&P 500 indices falling by more than 1%. Faster-than-expected US economic growth has led to a surge in bond yields, with the 10-year Treasury yield reaching its highest level since April. Rachael Lucas, a cryptocurrency analyst at BTC Markets, added that the latest economic data has led traders to anticipate that the Federal Reserve will maintain higher interest rates for longer. The market was previously unsettled by Federal Reserve Chair Jerome Powell's comments in December, which indicated the Fed's unwavering stance on monetary policy and dampened hopes for further rate cuts, thereby exacerbating volatility. Looking ahead, President Trump's inauguration on January 20 is expected to trigger market fluctuations as investors anticipate policy shifts.