On December 22, 2024, Bitcoin’s price dropped to 95,135 USD after surpassing 100,000 USD, with more than 11% decline since December 17, mainly attributed to profit-taking by investors amid economic uncertainty.
Donald Trump’s plans for a national Bitcoin reserve and supportive regulatory appointments were overshadowed by Jerome Powell’s statement about slowing rate cuts and the Fed’s position on Bitcoin, which negatively influenced market sentiment.
Despite the downturn, analysts predict Bitcoin could exceed 150,000 USD by 2025, supported by rising institutional interest, although recent liquidations worth 258.26 million USD reflect ongoing volatility in the cryptocurrency market.