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santathehitman
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don't be scared exercise some patience
Nomiji
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Bearish
$PENGU now it's going back on earth...
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#MarketRebound $BTC Bitcoin Update: December 24, 2024 Bitcoin is experiencing notable volatility, with its price dropping 2% in the past 24 hours to around $93,545. This decline follows the Federal Reserve’s cautious outlook for 2025, despite implementing rate cuts in 2024. Market participants had hoped for more aggressive monetary easing, which typically boosts cryptocurrency valuations. In the political sphere, President-elect Donald Trump’s proposal to establish a national Bitcoin reserve has sparked optimism. His crypto-friendly stance, coupled with appointments like SEC Chair Paul Atkins, signals potential regulatory shifts that could benefit the industry. Meanwhile, MicroStrategy has acquired an additional $561 million in Bitcoin, bringing its total holdings to 444,262 BTC, valued at approximately $43 billion. However, its average purchase price exceeds current market levels, raising concerns among some investors. Analysts predict a bullish 2025 for Bitcoin, with forecasts ranging from $180K to $500K if favourable policies are adopted. The current total cryptocurrency market cap stands at $3.26 trillion, reflecting the growing integration of Bitcoin into mainstream finance. Bitcoin’s evolution as a major asset class continues to attract attention, solidifying its role in the global financial ecosystem.
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