The year-end micro-squeeze is quite painful for BTC. Two weeks ago, the price of this Cryptocurrency exceeded $108,000, adding another $40,000 since Trump's overwhelming victory in the US presidential election. However, the hawkish comments from the Federal Reserve for 2025 reversed the trend of the asset, and it began to depreciate rapidly.

It fell to $92,000 on that Friday and tried to regain some lost ground in the following week. It successfully surged to $100,000 several times, but each attempt was thwarted and forcefully pushed down.

Yesterday, the bears initiated a significant decline, causing BTC to touch a monthly low of $91,300, reaching its peak retracement. As concerns about breaking below $90,000 spread rapidly, the bulls intervened and pushed the asset up to the current level of nearly $94,000.

However, its market value is still struggling around $1.86 trillion, and its dominance over altcoins has increased to 54.3% on CG.