BlockBeats reported on December 18 that Bitcoin experienced a pause after surpassing $108,000 for the first time. Traders are waiting for the anticipated Federal Reserve interest rate decision and evaluating U.S. President-elect Donald Trump’s stance on cryptocurrencies. Trump has promised supportive regulatory policies to establish the U.S.
as a leader in the cryptocurrency industry and has endorsed the idea of a strategic national Bitcoin reserve. The addition of MicroStrategy to the Nasdaq 100 index contributes to this optimism, as it could enable the company to make more profits from its Bitcoin investments. While the Fed is expected to cut interest rates by 25 basis points on Wednesday, uncertainty about future policy direction has increased due to strong U.S.
economic growth and inflation risks related to Trump’s broader agenda.
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