What is the condition of the crypto market for upcoming days
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.