As of December 23, 2024, the cryptocurrency market is experiencing notable fluctuations. Bitcoin (BTC) recently surpassed the $100,000 milestone, reaching an all-time high of $106,496 on December 17, 2024. This surge is largely attributed to President-elect Donald Trump's pro-crypto stance, including proposals to integrate cryptocurrencies into traditional financial systems and establish a national Bitcoin reserve.
However, the market has faced volatility following the Federal Reserve's indication of a more aggressive monetary policy, leading to a slight pullback in Bitcoin's price. Currently, Bitcoin is trading at approximately $95,235, reflecting a 1.31% decrease over the past 24 hours.
Ethereum (ETH) is trading around $3,298, down 1.83% in the same period. Other major cryptocurrencies like BNB, XRP, and Cardano (ADA) have also experienced declines, with ADA trading at $0.89, a 1.66% decrease.
Analysts remain optimistic about Bitcoin's long-term prospects, with some forecasting a rise to $150,000 by 2025, contingent on favorable regulatory developments and increased institutional adoption. Nonetheless, the market is expected to encounter short-term volatility, influenced by macroeconomic factors and policy decisions.
Investors are advised to stay informed about policy shifts and market dynamics, as the cryptocurrency landscape continues to evolve rapidly.
