Bitcoin has left the worst behind.

The leading crypto Bitcoin (BTC) has seen its first major weekly decline since Donald Trump won the US presidential election.

BTC, which has been on a major rally under Trump’s influence, has been hit by negative news flows in the past week after breaking records one after another. After reaching an all-time high of $108,135 on December 17, the BTC price has lost about 11 percent of its value.

According to TradingView data, BTC closed the week ending December 22 at $94,645. The starting value of the week in question was $105,185. The $10,500 drop has caused concern in the crypto market.

The biggest weekly decline was due to the Fed’s hawkish stance and speculations about Bitcoin reserves.

The Federal Reserve's (Fed) Federal Open Market Committee has signaled that it will be cautious next year, despite making its third consecutive interest rate cut. The Fed has reduced the number of interest rate cuts it is planning for next year from five to two. According to experts, the Fed's interest rates may be kept around 3.9 percent in 2025, as opposed to 3.4 percent. This could have a negative impact on risky assets like BTC.

#Bitcoin ($BTC ) has ended six of the seven weekly closes since Trump won the election with increases. The only negative weekly close in question occurred in the week ending November 24. BTC fell 0.78 percent to $97,280 on November 24.

BTC, which closed its weekly decline for the first time since November 24, has caused crypto investors to be nervous.

Despite BTC's recent performance, asset management companies predict that the rally will continue in 2025. According to these companies, BTC could rise to between $180,000 and $200,000 next year. This rise could be supported by the US’s strategic Bitcoin reserve.

The Trump administration has chosen hedge fund manager Scott Bessent and Cantor Fitzgerald CEO Howard Lutnik to head the Treasury and Commerce departments. Cointelegraph noted that the new administration has the most pro-crypto executives to date.