On Sunday, December 22, the price of Bitcoin fell below the $96,000 mark, reaching a weekly low of $95,135.
Analysts attribute the recent price swings to investors taking profits from Bitcoin's rapid rise amid growing global economic uncertainty.
The cut could follow Federal Reserve Chairman Jerome Powell's announcement that rate cuts would slow in 2025. Powell also stressed that the U.S. central bank is prohibited from holding Bitcoin as a reserve asset. Since his comments last week Bitcoin has fallen more than 11% from its Dec. 17 peak of $108,364.
Despite the current downturn, experts remain optimistic about Bitcoin’s future. According to some forecasts, BTC could rise to $2025 or more by 150,000, fueled by growing institutional interest and favorable regulatory policies under the Trump administration.
Meanwhile, Sunday's price drop triggered $258,26 million in liquidations in derivatives markets, including $30,12 million in long bitcoin positions.
Some crypto market participants perceive this decline as a healthy correction within a broader uptrend, forcing them to act with caution.
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