#MarketRebound

Bitcoin crossed the $100,000 barrier in early December, hitting an all-time high of over $107,000 on December 16, driven by optimism surrounding President-elect Donald Trump’s pro-crypto stance and potential policy implementation.

However, the market faced a downturn following the Federal Reserve’s announcement that it would reduce its target of four interest rate cuts next year to just two, accompanied by hawkish comments.

This sent Bitcoin’s value tumbling, falling below $100,000 before rallying above that level.

Other cryptocurrencies mirrored this volatility.

Ethereum (ETH) saw a drop to around $3,550 following the Fed’s announcement.

Similarly, altcoins like Solana (SOL) fell below $200, erasing post-election gains.

Memecoins, especially Dogecoin, have been significantly affected, with Dogecoin seeing a massive drop of over 25%.

Despite these fluctuations, the overall cryptocurrency market cap remains large, with Bitcoin maintaining a dominant position.

Analysts maintain a largely positive outlook for Bitcoin through 2025, with mixed forecasts.

Bitwise predicts Bitcoin will hit $200,000