What is the condition of the crypto market for upcoming days

$BTC

As of December 23, 2024, the cryptocurrency market place is experiencing notable fluctuations tempt by recent policy decisions and investor sentiment. Bitcoin ( BTC ) recently outdo the $ 100, 000 milestone, get to an all - time high of approximately $ 106, 496 on December 18, 2024. This rush was largely ascribe to President - elect Donald Trump 's pro - crypto stance, including plans to deregulate cryptocurrencies and lay down a national Bitcoin reticence. However, the grocery store has since get a tieback. The Federal Reserve 's recent warlike comment, indicating a reducing in the act of anticipated rate cold shoulder for the upcoming year, has dampened ebullience in hazardous asset, including cryptocurrencies. This shift in monetary policy has led to a decay in Bitcoin 's price from its recent senior high school. Ethereum ( ETH ) and other major cryptocurrencies have mirrored Bitcoin 's trajectory, experiencing significant amplification followed by corrections. The overall cryptocurrency marketplace capitalization has seen a decline, with a 4. 7 % drop in the last 24 time of day, land it to $ 3. 68 trillion. Despite the late downturn, structural need for Bitcoin stay on racy, specially from central - traded store ( ETFs ) that have accumulated real assets. Analyst assert a bullish mindset, with some forecasting that Bitcoin could hand $ 150, 000 in the future year, provided that traditional financial market place remain stable. In summary, while the cryptocurrency market has see a recent pullback due to shifts in monetary policy and investor sentiment, the recollective - term prospect continue optimistic, abide by continued institutional interest and favorable regulatory developments.

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