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Bitcoin dives 3% from its recent all-time high, is this the cycle top? Cryptos | 12/21/2024 01:09:30 GMT Bitcoin investors panicked after the Fed's hawkish rate cut decision, hitting the market with high selling pressure. Bitcoin's four-year market cycle pattern indicates that the recent correction could be temporary. Bitcoin ETFs may have altered the historical crypto market cycle pattern. Bitcoin (BTC ) traded near $97,000 on Friday after its recent correction saw cryptocurrencies shedding over 5% of their total market capitalization. Despite the bearish sentiment currently dominating the market, several key factors suggest that BTC may not have topped in the current market cycle.