Bitcoin sees a significant 13.7% drop over 12 days as 2024 ends. This downturn affects investor confidence, lowering the Crypto Fear & Greed Index to 65, the lowest since October 15. Analysts predict potential volatility surrounding political events like Trump’s inauguration.
Despite the market dip, Bitcoin continues to outperform other assets, achieving a 129% return in 2024. This performance surpasses gold’s 32.2% and S&P 500’s 28.3%, reaffirming its position as the top-performing asset over the last decade, far exceeding traditional investments.
With the inauguration of President-elect Trump, increased market volatility is anticipated. Analysts warn of potential corrective movements following the inauguration. Traders observe Bitcoin’s pattern, predicting movements known as Hump Slump Bump Dump Pump, with possible fluctuations leading into the new year.