Bitcoin’s rally to the $100,000 mark was short-lived, with the digital currency dropping by the most in more than two weeks on Wednesday, as U.S. stock markets tumbled after new economic data sent Treasury yields higher. Bitcoin fell 5% in the past 24 hours to $96,525, after breaching $100,000 on Monday for the first time since Dec. 19. Most other cryptocurrencies also fell, with Ethereum down 7.5% and XRP down about 6%. Bitcoin’s record run in late December came to a halt as investors sought to lock in profits. Optimism about a crypto-friendly administration in the Trump White House helped propel the currency to an all-time high of $108,315 in December. Bitcoin’s outlook for 2025 depends in part on how well Trump delivers on his crypto promises, which include creating a national reserve of bitcoin. However, some are skeptical that the rally can continue. What do you think? 📈📊📉
