2024

Bitcoin

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Donald Trump

<p><strong>Key Points:</strong></p>  
<ul class="wp-block-list">
 <li><em>Bitcoin price is currently levelling off after a meteoric rise in late 2024.</em></li>  
 <li><em>President-elect Donald Trump's promise to create a crypto-friendly environment is being closely watched by investors.</em></li> 
</ul>  
<h5 class="wp-block-heading">According to <em><a href="https://www.bloomberg.com/news/articles/2024-12-27/bitcoin-btc-rally-fizzles-as-token-s-record-breaking-year-winds-down" target="_blank" rel="noopener noreferrer nofollow">Bloomberg</a></em>, the record-breaking rally of the Bitcoin price is sputtering into year-end 2024 as investors reassess the direction of the cryptocurrency market due to mixed signals.</h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/12/On_White_55_optimized_2000-scaled.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/12/On_White_55_optimized_2000-1024x576.jpg" alt="Bitcoin Price Is Leveling Off As The Late 2024 Bull Run Cools" class="wp-image-299051"></a>
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<p class="has-background" style="background-color:#222222">Read more:<a href="https://coincu.com/242737-revolut-paused-some-crypto-services-by-fca/" target="_blank" rel="noopener noreferrer nofollow"> </a><a href="https://coincu.com/267544-circle-stablecoin-eurc-launched-on-base/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/299028-russian-bitcoin-payments-now-motivated/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/wp-admin/post.php?post=299028&amp;action=edit" rel="noopener noreferrer nofollow">Russian Bitcoin Payments Now Motivated to Fight Western Sanctions</a></p>  
<h2 class="wp-block-heading" id="bitcoin-price-s-rally-falters-as-investors-assess-market-dynamics">Bitcoin Price's Rally Falters as Investors Assess Market Dynamics</h2>  
<p>One catalyst for this sentiment is the fact that President-elect <a href="https://coincu.com/298625-president-elect-donald-trump-puts-us-on-top/" target="_blank" rel="noopener noreferrer nofollow">Donald Trump</a> was relatively crypto-friendly. He had also pledged an enabling regulatory environment for digital currencies, which also included floating a <a href="https://coincu.com/298818-strategic-bitcoin-reserves-supported-us-states/" target="_blank" rel="noopener noreferrer nofollow">national Bitcoin reserve</a>. It was not clear if market participants were waiting with bated breath to see whether that big ambition made sense.</p>  
<p>The looming expiration of a record volume of Bitcoin and Ether options contracts due Friday adds to the uncertainty. FalconX, a prime brokerage, calls it one of the largest in the digital asset market's history.</p>  
<p>The largest digital asset trades above $96,000, up 2.8% over the past 24 hours. Smaller digital assets such as Ether and Dogecoin rose less significantly.</p>  
<h2 class="wp-block-heading" id="microstrategy-suggests-it-could-buy-more-bitcoin-after-market-slides">MicroStrategy Suggests it Could Buy More Bitcoin After Market Slides</h2>  
<p>MicroStrategy, one of the biggest backers of <a href="https://coincu.com/298873-bitcoin-payment-pilot-in-thailand-being-explored/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>, maybe extending an olive branch to the market after it said earlier this week that it was considering increasing its strategy for acquiring tokens. Currently holding over $40 billion in Bitcoin, the software-to-crypto investment company cemented its status as a powerhouse in digital assets.</p>  
<p>The Bitcoin price is on track for its first monthly decline in four months despite advance after an extraordinary run. Bitcoin surged to a record 108,316 dollars on December 17 and has pulled back since then.</p>  
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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</figure>  <a href="https://coincu.com/?p=299044" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Bitcoin Price Is Leveling Off As The Late 2024 Bull Run Cools

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