Bitcoin's price has taken a hit, dropping to $95,135 on December , after surpassing $100,000 earlier this month. Analysts point to profit-taking and market uncertainty as the primary drivers of this decline. The uncertainty is partly fueled by President-elect Trump's pro-crypto stance, which includes plans for a national bitcoin reserve and crypto-friendly regulatory appointments .
As of the current update, Bitcoin's price stands at $95,529.11, with a 24-hour trading volume of $42.18 billion .The cryptocurrency's market capitalization is approximately $1.898 trillion, with a circulating supply of 19.8 million BTC .
It's worth noting that Bitcoin's price has experienced significant fluctuations in recent months. After reaching an all-time high of $108,268.45 on December 17, 2024, the price has corrected, leaving many investors and analysts wondering what's next for the cryptocurrency .
In other cryptocurrency news, Bitcoin Cash (BCH) is currently trading at $439.20, with a 24-hour trading volume of $1.1 billion.Meanwhile, Wrapped Bitcoin (WBTC) is trading at $95,332.34, with a 24-hour trading volume of $1.4 billion .#BTCXmasOrDip? 