Decline in Bitcoin Price
On December 19, 2024, the price of Bitcoin dropped below $100,000, reaching around $95,000.
This decline followed a statement from the head of the U.S. Federal Reserve, Jerome Powell, who expressed doubts about the feasibility of creating a national reserve in Bitcoin.
Liquidation of Traders' Positions
Against the backdrop of this decline, exchanges liquidated traders' positions worth over $600 million in 12 hours.
Market Reaction and Predictions
Despite the current fluctuations, some analysts remain optimistic about Bitcoin's future.
For example, Cathie Wood from ARK Invest predicts that by 2030, Bitcoin could reach a price of $1 million.
Regulatory Changes
Additionally, the U.S. Securities and Exchange Commission (SEC) has approved the first hybrid ETFs based on Bitcoin and Ethereum, which could impact market dynamics in the future.