Bitcoin Rally Loses Steam as Record Year Ends

Reported 1 day ago

As 2024 comes to a close, Bitcoin's rally is losing momentum amid mixed investor sentiment following President-elect Donald Trump's support for cryptocurrencies. The largest cryptocurrency traded at $96,250, down nearly 3% from the previous day, while traders evaluate potential profit-taking ahead of significant options expirations. Despite MicroStrategy's continued interest in Bitcoin, the asset is at risk of posting its first monthly decline in four months, with recent outflows from US Bitcoin ETFs reaching their highest since early November.

Source: YAHOO

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