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On Sunday, December 22, the price of Bitcoin fell below $96,000, reaching a weekly low of $95,135.
Analysts associate the recent price fluctuations with investors taking profits from the rapid rise of Bitcoin amid increasing global economic uncertainty.
Bitcoin reached an intraday low of $95,135.
The decline may have followed statements from Federal Reserve Chairman Jerome Powell that rate cuts will slow down in 2025. Powell also emphasized that the U.S. central bank is prohibited from holding Bitcoin as a reserve asset. Since his remarks last week, Bitcoin has dropped more than 11% from its peak of December 17 at $108,364.
Despite the current dip, experts remain optimistic about Bitcoin's future. According to some forecasts, by 2025 BTC could rise to $150,000 or even more, driven by growing institutional interest and favorable regulatory policies under the Trump administration.
Analysts associate the recent price fluctuations with investors taking profits from the rapid rise of Bitcoin amid increasing global economic uncertainty.
Bitcoin reached an intraday low of $95,135.
The decline may have followed statements from Federal Reserve Chairman Jerome Powell that rate cuts will slow down in 2025. Powell also emphasized that the U.S. central bank is prohibited from holding Bitcoin as a reserve asset. Since his remarks last week, Bitcoin has dropped more than 11% from its peak of December 17 at $108,364.
Despite the current dip, experts remain optimistic about Bitcoin's future. According to some forecasts, by 2025 BTC could rise to $150,000 or even more, driven by growing institutional interest and favorable regulatory policies under the Trump administration.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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