#Bitcoin 🪙 has experienced its first major weekly price drop 📉 since Donald Trump’s election victory, ending a strong rally that propelled the cryptocurrency into six-figure territory.📰
Here’s a quick breakdown of the key updates:
1️⃣ Weekly Performance
Price Drop: -10%
Closing Price (Dec. 22): $94,645 🔻
Starting Price: $105,185 🟢
2️⃣ Why the Decline?
The Federal Reserve cut interest rate projections for 2025, causing a less favorable environment for risk-on assets like Bitcoin.
New Federal Funds Rate Target: 3.9% instead of the previously expected 3.4%.
3️⃣ Bitcoin’s Weekly Trends
6 out of 7 prior weeks were bullish 📈.
Last week’s slight dip (Nov. 24): Only -0.78%.
4️⃣ Future Predictions
Analysts from Bitwise and VanEck expect Bitcoin to soar to $180,000–$200,000 by 2025 🚀.
Contributing Factors:
US Bitcoin Reserve Strategy 🇺🇸
Increased institutional adoption 🏦
Expected pro-crypto regulation under Paul Atkins as SEC chair starting Jan. 20.
5️⃣ Current Price (Dec. 23)
$96,073 (down 11% from the ATH of $108,135 on Dec. 17).
✨ Looking Back
Christmas 2023 Price: $43,610 🎄
Massive growth as the market anticipated spot Bitcoin ETFs approval.
Bitcoin might be facing short-term challenges, but 2025 looks promising for long-term investors. 🥂