Bitcoin (BTC) is trading at approximately $94,310, reflecting a recent decline from its all-time high of over $106,000 earlier this month.
This downturn is attributed to the Federal Reserve's cautious stance on cryptocurrency holdings, with Chair Jerome Powell stating that the Fed cannot hold Bitcoin and is not seeking legislative changes to do so.
Despite this, the market remains optimistic due to President-elect Donald Trump's pro-crypto policies, including proposals for a U.S. Bitcoin Strategic Reserve.
Analysts suggest that Bitcoin could reach $150,000 by 2025, though short-term volatility is expected.
