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Bitcoin Price Falls Below Peak as Year-End Rally Loses Steam
The crypto market has witnessed a notable downturn in the past few days, with the price of Bitcoin (BTC) falling below its previous peak. At press time, the cryptocurrency is trading at $93,085.
According to various reports and market experts, this decline can be attributed to the diminished expectations for rate cuts by the Federal Reserve. The anticipation of such a cut has been one of the primary factors driving the surge in the price of Bitcoin throughout 2024.
Despite this setback, many cryptocurrency enthusiasts continue to view the long-term potential of Bitcoin positively.
Source: cryptotale.org
