The year-end slight drop is quite painful for BTC. Two weeks ago, the price of this Crypto Assets exceeded $108,000. Since Trump's overwhelming victory in the US presidential election, the price pumped $40,000. However, the Fed's tough rhetoric for 2025 reversed the trend of the asset, and it began to depreciate rapidly.
That Friday, it fell to $92,000 and tried to regain some lost ground in the following week. It has succeeded in jumping to $100,000 several times, but each attempt has been thwarted and pushed down violently.
Yesterday, this retracement reached its peak, and the bears initiated a significant decline, causing BTC to touch the monthly low of $91,300. As concerns about breaking below $90,000 quickly spread, the bulls intervened and pushed the asset up to just over $94,000 where it currently stands.
Nevertheless, its market value still struggles at the level of $1.86 trillion, while its dominant position in other markets has risen to 54.3% on CG.
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The year-end slight drop is quite painful for BTC. Two weeks ago, the price of this Crypto Assets exceeded $108,000. Since Trump's overwhelming victory in the US presidential election, the price pumped $40,000. However, the Fed's tough rhetoric for 2025 reversed the trend of the asset, and it began to depreciate rapidly.
That Friday, it fell to $92,000 and tried to regain some lost ground in the following week. It has succeeded in jumping to $100,000 several times, but each attempt has been thwarted and pushed down violently.
Yesterday, this retracement reached its peak, and the bears initiated a significant decline, causing BTC to touch the monthly low of $91,300. As concerns about breaking below $90,000 quickly spread, the bulls intervened and pushed the asset up to just over $94,000 where it currently stands.
Nevertheless, its market value still struggles at the level of $1.86 trillion, while its dominant position in other markets has risen to 54.3% on CG.