In the context of continued volatility in international financial markets, the crypto market has also witnessed notable changes. According to a report from Reuters on December 27, 2024, Bitcoin - one of the leading cryptocurrencies - recorded a slight increase of 0.5% to $96,165. Although it has slightly decreased this month, Bitcoin previously reached a record high of $108,379.28 on December 17. With a growth rate of about 126% this year, Bitcoin continues to affirm its leading position in the global coin wave.
The maintenance of Bitcoin at high levels occurs against the backdrop of the Japanese yen recently hitting a five-month low against the dollar, as the Federal Reserve (Fed) signaled a continuation of tight policy. Meanwhile, the Bank of Japan remains cautious with monetary policies. At the same time, the South Korean won and the Chinese yuan have also experienced a decline in value due to various economic and political factors, including the threat of tariffs from the incoming administration of President Donald Trump.
The excitement surrounding other altcoins is also noteworthy, although it mainly revolves around Bitcoin and the impacts of major changes in the global financial market. These changes not only affect the dollar and other traditional currencies but also reflect volatility in the crypto market.
Source: Reuters, ensuring that information is always updated and accurate to support investors and those interested in the price behavior of cryptocurrencies. For investors, keeping up with the latest moves in the crypto market is also an opportunity to make more informed investment decisions.
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