Bitcoin slips under $96K, as Federal Reserve stance and Trump’s pro-crypto policies create market uncertainty.
Bitcoin Hits $95K Amid Profit-Taking
BTC’s price dropped to $95,135 on Dec. 22, following a recent peak above $100,000. Analysts attribute the decline to profit-taking by investors and broader economic uncertainty.
Trump’s Pro-Crypto Policies in Focus
Market sentiment remains influenced by President-elect Donald Trump’s pro-crypto agenda. His plans include creating a national bitcoin reserve and appointing crypto advocates to regulatory roles, fueling optimism despite recent setbacks.
Fed’s Stance Dampens Momentum
Federal Reserve Chair Jerome Powell announced slower rate cuts for 2025 and emphasized the central bank’s inability to hold bitcoin as a reserve asset. Since Powell’s Dec. 17 comments, BTC has dropped over 11%, hitting a low of $95K.
Liquidations Spike Amid Volatility
Sunday’s sell-off triggered $258.26 million in liquidations across crypto derivatives markets, including $30.12 million from BTC long positions. This highlights the market’s ongoing volatility.
Optimism for Bitcoin’s Future
Despite the dip, experts predict bitcoin could reach $150,000 by 2025. Increasing institutional interest and favorable policies under Trump’s administration may fuel this growth, though caution persists among traders.
Disclaimer:
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