VeChain (VET) has dropped to the 97th position in market capitalization rankings, with its market cap now just over $1 billion. Despite a 2.2% price increase in the last 24 hours, VET has fallen 8.4% this week and is down 75.4% since December 2024. This decline coincides with Bitcoin's recent drop to approximately $86,000.
Market analysts suggest a potential rebound for VeChain, highlighting an 87.2% probability of a 25-basis-point rate cut by the Federal Reserve this month. Such a move could potentially redirect capital into cryptocurrencies like VET, offering a chance for recovery.
VeChain Slips to 97th in Market Cap Amidst Broader Crypto Decline
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