Bitcoin has experienced a volatile week, with prices reaching a record high of 108,000 on December 17th, only to fall below 96,000 by December 21st. This sharp decline followed a hawkish statement from the Federal Reserve, which indicated a slower pace of rate cuts in 2025 than previously anticipated.
The market reacted negatively to this news, leading to a sell-off across cryptocurrencies and a liquidation spree of over 1.42 billion.
Despite this setback, Bitcoin remains a significant asset in the cryptocurrency market. Its long-term prospects are viewed positively by many investors, and its recent volatility is seen as a normal part of the market cycle.
Disclaimer: This information is for general knowledge and informational purposes only, and does not constitute financial, investment, or other professional advice.