“Bitcoin is down nearly 15% this week after reaching an all-time high”, — write: www.unian.ua
Uncertainty in cryptocurrency markets is likely to remain after the holidays / UNIAN photoBitcoin started falling after reaching an all-time high. Traders are selling cryptocurrency while looking to signals from the Federal Reserve.Bloomberg writes that the cryptocurrency initially fell 5% to $92,600 after setting an all-time high just above $108,000 earlier in the week.
A group of U.S. exchange-traded funds that invest directly in bitcoin has seen a record outflow of $680 million after 15 days of continuous inflows.
Uncertainty in cryptocurrency markets looks set to continue beyond the holidays as Donald Trump prepares to take office, threatening US allies and adversaries alike with tariffs.
“The interplay between monetary policy, institutional adoption of cryptocurrencies, and political developments suggest that Bitcoin will remain susceptible to macro and crypto-specific catalysts through 2025,” said Hani Abuagla, senior market analyst at XTB.
Open Interest in Bitcoin Futures on CME Group Inc. approached a record high, but then declined.
“From a technical point of view, caution should be exercised in the short term,” said Chris Weston, head of research at Pepperstone Group. “This does not mean that we are in for a price collapse in the near future, but the momentum has clearly died down and buyers have lost dominance and control over the situation.”
How much will 1 bitcoin cost in hryvniasThe Bitcoin dollar rate as of the morning of December 20 was $96,840.47. In Ukraine, the price of cryptocurrency amounted to 4,081,245.79 hryvnias.
Bitcoin – Latest NewsOn December 5, Bitcoin surpassed the $100,000 mark for the first time in history amid hopes for support for the cryptocurrency market from Donald Trump and his administration.
On December 16, the cryptocurrency crossed the $106,000 mark after Trump announced plans to create a strategic bitcoin reserve in the United States.
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