Bitcoin's record year hits a speed bump: what will the next phase hold?
Bitcoin, the absolute king of cryptocurrencies, hit an all-time high in 2024, but recently suffered a pullback, falling to its 50-day moving average, trading at around $94,500, $14,000 below its peak on December 17. Behind this is not only the expectation of a slowdown in the pace of interest rate cuts by the Federal Reserve, but also the divergent reactions to Trump's crypto regulatory policies.
Despite the pullback, Bitcoin has risen by about 125% this year, surpassing traditional investments such as stocks and gold. The continued interest of institutional investors, especially the continued increase in giants like MicroStrategy, shows that Bitcoin's long-term potential remains strong.
Although market sentiment is complex and some analysts are bearish, there are still optimistic voices, even predicting that Bitcoin may exceed $200,000 by 2025.
How will Bitcoin cope with market challenges and opportunities in the coming months? Can continued institutional buying support its long-term rise? The answers to these questions will determine the new round of battles in the crypto market.
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