Bitcoin

On the second to last day of the year, <a href="https://optimisus.com/news/crypto-news/xrp-trading-volume-hits-over-117-million-binance-this-december/" rel="noopener noreferrer nofollow">XRP fell</a> more than 6%, leading to a drop in the cryptocurrency market. A stronger U.S. dollar hurt global currencies and assets, including Bitcoin. Other cryptocurrencies like Dogecoin, Solana&#39;s SOL, Ether, and BNB saw drops of up to 2%.U.S. stocks dropped on Friday as investors changed their strategies due to year-end uncertainties, while Asian markets lost earlier gains. U.S. index futures showed more losses, following a general trend affected by the strong dollar, especially with President-elect Donald Trump&#39;s upcoming economic policies in mind.In the past, <a href="https://optimisus.com/news/crypto-news/el-salvadors-bitcoin-reserve-surpasses-6000-btc-valued-at-569-3-million/" rel="noopener noreferrer nofollow">Bitcoin&#39;s price</a> moved in the opposite direction of the U.S. dollar index, which shows how the dollar compares to other major currencies. A stronger dollar makes assets priced in dollars more attractive, causing investors to prefer traditional investments instead of crypto, which lowers expectations for a lasting crypto rally. December&#39;s expected &#34;Santa rally&#34; hasn&#39;t happened, as Bitcoin prices fell almost 4% this month, even after a 47% rise in the last quarter.Lower expectations for future interest rate cuts by the Federal Reserve have also played a role in the recent drop in crypto prices. Some experts are still optimistic about the future of cryptocurrencies.They believe that positive regulatory changes from the new administration might bring in more corporate investment into Bitcoin, which could help stabilize prices and lower volatility later on.

XRP leads crypto losses with 6% drop

Optimisus

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