According to CoinWorld news, as reported by TheBusinessTimes, with the end of 2024 approaching, the surge in Bitcoin triggered by the election victory of the newly elected President Trump in early November has stalled. Trump's preference for friendly regulation of cryptocurrencies and support for a national Bitcoin reserve has boosted digital assets. However, the reduction of expectations for a Federal Reserve rate cut has cooled speculative fervor. After Trump takes office on January 20, the U.S. cryptocurrency framework may become clearer. Pepperstone Group's research director Chris Weston stated that Bitcoin's "momentum comes from post-election trends," partly due to the outflow of funds from ETFs. Meanwhile, the largest Bitcoin-holding company, MicroStrategy, has been aggressively buying Bitcoin over the past few weeks. Traders are watching to see if this company, which holds over $40 billion in digital assets, will continue to purchase Bitcoin.

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