Bitcoin has experienced its first major weekly price drop since Trump's election victory, which had previously fueled a rally. Over the week ending December 22, Bitcoin fell 10%, closing at $94,645, down from $105,185. This decline follows the Federal Reserve's decision to reduce projected interest rate cuts, creating a less favorable environment for riskier assets like Bitcoin. Despite this setback, firms like Bitwise and VanEck remain optimistic, predicting Bitcoin could reach $180,000 to $200,000 by 2025, driven by potential US Bitcoin reserves and increased institutional adoption.
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