Today, December 24, 2024, the cryptocurrency market continues to fluctuate with many notable developments.
The price of Bitcoin has decreased for the fourth consecutive session, currently trading around 94,000 USD, marking a weakening after the post-election rally.
The main reason for this decline is the "hawkish" stance of the Federal Reserve (Fed), with signals of tightening monetary policy, putting pressure on risk assets such as cryptocurrencies.
Although the price of Bitcoin is on a downward trend, the market is showing signs of recovery.
Overall, the cryptocurrency market is facing pressure from macroeconomic policies and investor caution in light of recent fluctuations.
Additionally, according to Forbes' forecast, the cryptocurrency industry could witness significant developments in 2025, including wider adoption and new regulations.
At the same time, Grayscale has launched a private offering for 22 cryptocurrency trust funds, indicating increasing interest from institutional investors.
However, the market still harbors many risks and volatility, requiring investors to be cautious and closely monitor economic and global policy developments.