#Bitcoin and Ethereum prices are down.#

Bitcoin and Ethereum prices have recently declined, primarily driven by macroeconomic data that has sparked concerns about long-term inflation. Presto Research analyst Min Jung pointed out that the market has been weak due to concerns about persistent inflation, not just for cryptocurrencies, but also for the Nasdaq and S&P 500 indices. ISM data showed that the US economy grew faster than expected, intensifying concerns about persistent inflation, leading 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 US economic data has led traders to anticipate that the Federal Reserve will maintain higher interest rates for a longer period. Federal Reserve Chair Jerome Powell's comments in December indicated the Fed's unwavering stance on monetary policy, dampening market hopes for further rate cuts and exacerbating market volatility. Looking ahead, President-elect Trump's inauguration on January 20 is expected to trigger market volatility as investors anticipate policy shifts.