The trading volume in the encryption market has declined in the past 48 hours, and the low interest rates of the Federal Reserve may have turned from a tailwind into a headwind

According to CoinDesk, as most regions around the world celebrate Christmas, Bitcoin (BTC) fell below $93,000 on the eve of the holiday and then quietly returned to the $100,000 level. However, when Asian markets opened Thursday morning, its rise stalled slightly above $99,800 and quickly dropped to about $95,000 just a few hours later.

Data shows that in the past 48 hours, cryptocurrency price trends have definitely occurred at very low trading volumes. While Bitcoin has still more than doubled this year so far; however it may have overlooked one point in its decline over the past week - that tailwinds from low interest rates may have turned into headwinds.