$BTC

Bitcoin prices are slipping, moving further away from the record peaks hit last week. Quoting coinmarketcap.com, Tuesday (24/12) at 09.37 WIB, Bitcoin was trading for US$ 93,876. This crypto holding the largest market capitalization fell 0.10% in the last 24 hours. In the last 7 days, BTC has fallen almost 12%. Bitcoin is getting further away from its all-time high price record of US$ 108,268 which was reached last December 17. Citing a review by the Reku Research team, Bitcoin experienced selling pressure after the latest monetary policy announcement from the Federal Reserve (The Fed). In its latest announcement on December 18 2024, the Fed cut its benchmark interest rate according to expectations. However, the projected interest rate cut for 2025 was reduced from four times to only two times. In addition, the Fed emphasized its stance not to participate in the government's plan to establish a BTC strategic reserve. This statement added to uncertainty and triggered profit-taking in the market, pushing BTC prices down from their highs #MarketRebound