today bitcoin

As of December 21, 2024, Bitcoin (BTC) is trading at approximately $96,279, reflecting a recent decline from its all-time high earlier this month.

Bitcoin (BTC)

$96,279.00

-$1,587.00

(-1.62%)

Today

This downturn is attributed to a rise in 10-year Treasury yields following the Federal Reserve's recent meeting, which signaled fewer interest rate cuts in 2025. The increased yields have impacted both equity and cryptocurrency markets, leading to a pullback in Bitcoin's price.

INVESTORS

Despite this correction, Bitcoin has experienced significant growth throughout 2024, surpassing the $100,000 milestone for the first time. This achievement is partly due to the approval of U.S. exchange-traded funds (ETFs) holding Bitcoin, which have attracted substantial investments.

THE WALL STREET JOURNAL

Additionally, President-elect Donald Trump's endorsement of a national Bitcoin reserve has further boosted market optimism. Trump's proposal to create a "Strategic National Bitcoin Stockpile" has sparked debate over its potential impact on the U.S. economy and financial system.

INVESTOPEDIA

While Bitcoin's recent volatility highlights the inherent risks in cryptocurrency investments, the overall trend in 2024 has been positive, with increased institutional adoption and growing mainstream acceptance.

Please note that cryptocurrency markets are highly volatile, and past performance is not indicative of future results. Always conduct thorough research before making investment decisions.