In the past two weeks, the Bitcoin market has witnessed many notable fluctuations. Below are significant developments and trends from 11/12 to 25/12/2024.
Recent Bitcoin Market Developments
Unexpected Growth
- On 12/12/2024, Bitcoin's price recorded strong growth, from $96,649 to $101,123, reflecting a significant confidence from investors with a market capitalization of $2,001,746 billion USD.
- Following that is a slight increase, peaking on 17/12 with Bitcoin reaching $106,074 and market capitalization hitting $2,097,460 billion USD, although trading volume remained lower than previous days, only reaching $115,184 billion USD.
Downward Adjustment
- Starting from 19/12, the market began to adjust as the price dropped to $100,355. Throughout the following week, Bitcoin's price continuously decreased, reaching a low of $94,644 on 23/12.
- Market capitalization and trading volume have both decreased, reflecting the caution of investors as the year-end approaches. However, there was also a slight recovery at the end of 25/12, rising to $98,695.
Analysis and Forecast
Influencing Factors
This unusual volatility is the result of various factors from the global financial market, monetary policies in major countries, and the typical holiday sentiment. December is always a sensitive time when investors adjust their portfolios before the end of the financial year.
Predictions for the Next 15 Days
1. Stability During the Holiday Period: With major year-end holidays, trading volume is expected to continue decreasing, potentially leading to price stabilization of Bitcoin around $95,000 to $100,000.
2. Growth Prospects for the New Year: With the New Year event and a macroeconomic situation no longer as unstable as before, Bitcoin's price may welcome a new wave of investment from financial institutions and individual investors.
3. Impact from Altcoins: The development of altcoins may lead investors to spread their capital, but Bitcoin still retains its appeal due to its stability and investor confidence.
Overall, considering macroeconomic factors and market sentiment, coins will continue to be an attractive segment for investment portfolios in the coming year. We recommend investors closely monitor the developments in the crypto market to make timely and effective decisions.
Thank you all for watching. Wishing everyone a peaceful holiday season and successful investments!
