According to data from Reuters, the coin market is experiencing significant fluctuations in the final months of 2024. The U.S. dollar is maintaining its position with support from high bond yields, while the prices of Bitcoin and other altcoins are showing a slow trend.
The current price of Bitcoin has decreased by about 4% this month, currently around 93,350 USD, after retreating from the record high of 108,379.28 USD reached on December 17. Nevertheless, the price of Bitcoin has surged approximately 115% throughout 2024. This trend has attracted significant attention from investors and analysts worldwide.
Additionally, the Brazilian central bank's intervention in the foreign exchange market by selling 3 billion USD has had a certain impact on the global financial market. In Japan, the yen is trading near its lowest level in five months despite government intervention to support this currency.
Although the coin market is slowing down, the increase in U.S. bond yields has created a tailwind for the dollar, causing most major currencies around the world to face downward pressure.
With these developments, the coin market is still facing many challenges and new opportunities. Investors need to closely monitor and thoroughly assess to make effective investment decisions.
This news is compiled from the reliable source Reuters. For those interested in the global economic situation and the cryptocurrency market, this is an important time to update and orient investment strategies for the coming year.
