#Bitcoin 🪙 has experienced its first major weekly price drop 📉 since Donald Trump’s election victory, ending a strong rally that propelled the cryptocurrency into six-figure territory.📰

$BTC

Here’s a quick breakdown of the key updates:

1️⃣ Weekly Performance

Price Drop: -10%

Closing Price (Dec. 22): $94,645 🔻

Starting Price: $105,185 🟢

2️⃣ Why the Decline?

The Federal Reserve cut interest rate projections for 2025, causing a less favorable environment for risk-on assets like Bitcoin.

New Federal Funds Rate Target: 3.9% instead of the previously expected 3.4%.

3️⃣ Bitcoin’s Weekly Trends

6 out of 7 prior weeks were bullish 📈.

Last week’s slight dip (Nov. 24): Only -0.78%.

4️⃣ Future Predictions

Analysts from Bitwise and VanEck expect Bitcoin to soar to $180,000–$200,000 by 2025 🚀.

Contributing Factors:

US Bitcoin Reserve Strategy 🇺🇸

Increased institutional adoption 🏦

Expected pro-crypto regulation under Paul Atkins as SEC chair starting Jan. 20.

5️⃣ Current Price (Dec. 23)

$96,073 (down 11% from the ATH of $108,135 on Dec. 17).

✨ Looking Back

Christmas 2023 Price: $43,610 🎄

Massive growth as the market anticipated spot Bitcoin ETFs approval.

Bitcoin might be facing short-term challenges, but 2025 looks promising for long-term investors. 🥂

#BTC☀ #btcnews99 #Write2Earn! #BinanceSquareFamily