According to BlockBeats, on December 18, Bloomberg reported that Bitcoin took a slight breather after initially breaking through $108,000, with traders waiting for the anticipated Federal Reserve rate cut decision and assessing the optimism brought by incoming President Donald Trump's support for cryptocurrencies.
Trump has promised to introduce friendly regulatory policies aimed at establishing U.S. dominance in the cryptocurrency space and supports the idea of creating a strategic national Bitcoin reserve. The imminent inclusion of MicroStrategy in the Nasdaq 100 index also adds to this optimism, as it opens up possibilities for the company to profit further from Bitcoin investments.
The market widely expects that the Federal Reserve will implement another rate cut of 25 basis points on Wednesday, but the clarity of future policy direction has diminished due to strong U.S. economic growth and inflation risks posed by Trump's broader agenda.
