#CryptoMarketDip

According to data from Coinmarketcap, at 8:00 AM on January 8, 2025 (Vietnam time), the price of Bitcoin was trading at 97,211 USD, down 4.8% in the past 24 hours. The trading volume of the largest market capitalization cryptocurrency stood at 58.6 billion USD.

The sudden movement of Bitcoin occurred after rumors of a disagreement between the incoming US President Donald Trump and the Federal Reserve (FED) surfaced. Among them, Trump and Elon Musk are proponents of digital currency. On the other side, the FED does not support this. If the potential conflict becomes a reality, it will somewhat affect the trend of digital currencies.

(According to the business and marketing magazine)