Reported 3 days ago
As 2024 comes to a close, Bitcoin's rally fueled by President-elect Donald Trump's victory is losing momentum. The cryptocurrency, valued at $93,670, is significantly below its mid-December peak and is facing challenges alongside altcoins like Ether and Dogecoin. Trump's anticipated pro-crypto policies initially boosted the market, but diminished expectations for interest rate cuts by the Federal Reserve are cooling investor enthusiasm. The market awaits clarity on the U.S. crypto regulatory landscape post-Trump's inauguration.
Source: YAHOO