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Bitcoin Price Falls Below Peak as Year-End Rally Loses Steam
As the year draws to a close, it appears that the cryptocurrency market is no longer driven by speculation and anticipation of interest rate cuts by the Federal Reserve. The excitement surrounding Bitcoin’s recent all-time high has lost momentum, resulting in a decline below its peak.
At press time, Bitcoin is trading at $93,085, a significant drop from its December highs. This reversal is not unique to Bitcoin, as other cryptocurrencies such as Ether and Dogecoin are also struggling with their previous gains.
Source: cryptotale.org
