The following are important news and policy developments in the cryptocurrency space for this month:

1. Bitcoin Approaches Historical High

Bitcoin prices have remained stable this month in the range of $97,000 to $100,000. Market predictions suggest that if the Federal Reserve cuts interest rates by 0.25% on December 18, Bitcoin prices could break the psychological barrier of $100,000 and possibly rise to $110,000 by the end of the year. This is primarily due to the fact that rate cuts typically increase demand for high-risk assets and boost market confidence.

2. U.S. Presidential Policies Boost Market Sentiment

The newly elected U.S. president's policies are seen as friendly towards cryptocurrencies, leading to an optimistic market response. This has driven up prices for Bitcoin and several popular altcoins (such as Chainlink and Dogecoin). The market anticipates that these policies may further promote cryptocurrency adoption and institutional participation.

3. Regulatory Changes and Market Risks

The UK has recently banned certain platforms from providing cryptocurrency services to local users, while other countries are also tightening regulations on cryptocurrencies. Additionally, technical indicators in the market show signs of overheating, and experts warn investors to exercise caution in the short term to prevent losses due to market volatility.

$BTC