Bitcoin Rally Fizzles as Token’s Record-Breaking Year Winds Down

Published On Dec 26, 2024, 8:05 PM

Bitcoin's remarkable year is concluding with a fizzle as it trades down nearly 3% to approximately $95,600. The decline comes despite significant market interest following President-elect Trump's proposals for a pro-crypto regulatory environment and the potential establishment of a national Bitcoin reserve. As investors await further developments, Bitcoin is experiencing volatility ahead of a major expiration of options contracts, contributing to uncertainty in the market. December has likely shaped up to show a decline for Bitcoin, marking its first monthly drop in four months after peaking at $108,316.