#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, not just cryptocurrencies. The Nasdaq and S&P 500 indices also fell by more than 1%. Faster-than-expected US economic growth has fueled concerns about persistent inflation, leading to a surge in bond yields. The 10-year Treasury yield reached its highest level since April. Rachael Lucas, a cryptocurrency analyst at BTC Markets, noted that the latest US 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 volatility as investors anticipate policy shifts.