Bitcoin is experiencing a downturn as it finishes 2024, dropping nearly 5% in December, even with MicroStrategy’s recent significant purchases. However, historical trends suggest that January could bring good news for Bitcoin and the overall crypto Market. Since 2013, Bitcoin has typically risen by an average of 3.35% in January, with first quarters seeing nearly ...
Donald Trump’s recent election led to a surge in cryptocurrency prices, with Bitcoin reaching record highs. However, this momentum is now fading, and Bitcoin’s price has dropped significantly. The excitement stemmed from the belief that Trump’s policies would favor cryptocurrencies, contrasting with President Biden’s stricter regulations. Trump’s leadership choices, including pro-crypto figures, further fueled speculation. ...
Today, cryptocurrencies experienced a dip as Bitcoin dropped from $100,000 to about $97,500, amidst rising Treasury yields and upcoming inflation data. Other major cryptocurrencies like XRP fell significantly, while meme tokens like Dogecoin and Shiba Inu also dropped. Interestingly, MicroStrategy announced a substantial Bitcoin purchase, holding a total of $25.6 billion in the cryptocurrency. Meanwhile, ...
