As of December 20, 2024, Bitcoin (BTC) is trading at approximately $95,964, reflecting a 5.93% decrease over the past 24 hours.
This decline follows a recent peak of around $108,262 on December 17, 2024, indicating a significant pullback from its all-time high.
The downturn is attributed to several factors, including hawkish comments from the Federal Reserve signaling a potential slowdown in interest rate cuts, which have dampened market sentiment.
Additionally, discussions about establishing a national Bitcoin reserve in the U.S. have introduced further volatility, as market participants weigh the potential implications of such a move.
Investors should closely monitor these developments, as they are likely to influence Bitcoin's price trajectory in the near term.
