Reported 3 days ago
Bitcoin's remarkable surge came to an end in December 2024, marking its first monthly decline since August. The cryptocurrency dropped 3.2% as U.S. investors took profits following its peak of $108,315 in mid-December, influenced by President-elect Trump's victory. The crypto market's hype diminished amid fading expectations for Federal Reserve interest-rate cuts, leading to significant fund outflows and reduced institutional interest. Despite this drop, Bitcoin achieved a remarkable 120% gain over the year, outpacing gold and global stocks.
Source: YAHOO