Record growth in Bitcoin’s price: On December 17, 2024, Bitcoin’s price surged to 108,000 USD, achieving a remarkable 150% increase during the year. This growth is due to rising demand amid supply slowdowns from increased mining difficulties.
Impact of Federal Reserve’s decision: As the Federal Reserve discusses a potential 0.25% interest rate cut, Bitcoin could benefit from increased investment. However, if inflation concerns arise, Bitcoin’s growth may be challenged, especially with technical indicators suggesting a price reversal.