CandleFocus Bitcoin Prices Reached A Fresh Zenith This Week As Multiple Factors Fueled Gains
2024-12-21
Author: Content Editor
Bitcoin prices reached new all-time highs during the week ending on December 20th, driven by various factors including expectations of Federal Reserve rate cuts and strong market sentiment. The surge was supported by reduced bitcoin supply on exchanges, indicating investors moving their BTC into personal custody. However, the all-time high was short-lived as the Federal Reserve announced smaller-than-expected rate cuts, leading to a sell-off and liquidations in the derivatives market. Experts believe that despite the price dip, bitcoin remains appealing due to its transparent and code-based policies, in contrast to the opaque and confusing process of human consensus in traditional monetary and fiscal decisions. Going forward, bitcoin is expected to appreciate and may have room to further grow as it is not tied to the limited trading hours of fiat markets.
Related News
MultiversX Accelerates Blockchain and AI with $1.5M Growth Games Program Microstrategy names former Binance.US CEO Brian Brooks, two others to board of directors Michael Saylor on Corporations to Replace Cash Reserves with Bitcoin Gary Gensler to Resign as SEC Chair Amid Key Crypto Regulation Shifts 10 companies launch Bitcoin treasuries, but not Microsoft: Here are the risks, benefits Argentina’s Mining Sector Pioneers Lithium Tokenization by Tapping Cardano Sonic Chain Hits Major Block Milestone, Here Are Crucial Stats No, BlackRock Can't Change Bitcoin 5ireChain Partners With Kima Network to Enable Cross-Chain Transfers and Expand Web3 User Access Nigeria SEC to unveil new laws to regulate crypto influencers What is MOVE Token and How It Rose to the Top 100 Cryptos Shiba Inu Skyrockets 12%: Is Bigger Move Ahead? Asset manager GraniteShares files for RIOT, MARA, MSTR, and HOOD ETFs Ethereum ETF Faces Outflow, but $12.16B NAV Suggests Resilience in the Market Bitcoin Price Analysis: Is BTC In Danger of Falling to $80,000 Soon? Is Shiba Inu Price Set for a Massive Rally After Bouncing Back From $0.0000185 Polytrade ($TRADE) Eyes $11 as Locked Supply and Bullish Chart Drive Growth Ethereum Price Analysis: Following a 15% Weekly Crash, What’s Next for ETH? After Partial Recovery, Developers Unlock $243 Million Tokens In This Altcoin Joe Biden Administration in the US Prepares to Make a Move Concerning Bitcoin Before Leaving Swiss Firm Relai Expands Crypto Holdings with $1.2 Million Bitcoin Investment QORPO Teams Up with AWS: Revolutionizing Digital & Web3 Gaming Through Generative AI United States of Bitcoin? These States Are Considering BTC Reserves From Oilfields to Crypto Fields: Halliburton Invests in Bitcoin Mining Startup Ripple News Today: What makes XRP a good investment for 2025 Mantle Network Welcomes Compound III: Boosting DeFi with $USDe, FBTC, mETH, and wETH Collateral Bitcoin Gained 0.59% in Last Month and is Predicted to Reach $ 108,273 By Dec 26, 2024 SEND surges 360%, dForce jumps 160%, BTC struggles to reclaim $100k Polygon's Agglayer Mainnet Date Confirmed by Sandeep Nailwal Pendle Announces Partnership with UsualMoney to Launch $USUALx Crypto Trading Volume Hits $279.08 Billion As Bitcoin Dominance Surges Bitcoin Prices Reached A Fresh Zenith This Week As Multiple Factors Fueled Gains Bitcoin could see another record high if this ‘brick wall’ is breached Bonk Rockets 30% to Lead Dog Meme Rebound; Floki Termed 'Utility Token' by CFTC Can Bitcoin remain true to cypherpunk ideals? Here’s what Peter Todd suggested Dogecoin Price Jumps 25% Reclaiming Crucial Support, DOGE Rally to $4? Relationship building is a hedge against debanking — OKX exec Santiment Founder Reveals What To Expect In Bitcoin And Altcoins Between Now And New Year’s Eve Max Keiser Rejects Michael Saylor’s Stablecoin Idea, Champions Bitcoin Standard Analytics Firm Analyzes Funding Rates in Bitcoin – Here’s How to Interpret Them and the Movement in the Recent Drop Bonk Token Burn: 1 Trillion Burn Picks Pace, Founder Gives $0.11 Price Target XRP Holders Poised for Wealth, Analyst Sees Flag Pattern Targeting $5 Ethereum Price Last Crash Before ETH Hits Five Digits Bitcoin Strategic Reserve Can 'Offset US Debt': CryptoQuant Founder Ethereum Price Outlook: ETH Large Transactions Hit $11 Billion Amid 10% Rebound Ethereum’s $15.3B Burn Bonfire: Over 4.5M ETH Destroyed Since EIP-1559 Activation LINK to $50? Here’s what the altcoin must do to hit that price target! Elon Musk and Dogecoin: How the Billionaire Became the 'Dogefather' 12.16 Trillion Shiba Inu in 24 Hours, SHIB Whales in Hype Mode Pro-XRP lawyer says Elon Musk D.O.G.E. department is necessary, in a new war with SEC’s lawyers XRP whale activity during market correction pushes the coin 13% up – $4 market price in sight? XRP’s 275% Yearly Growth Might Have Left It Overvalued – Here’s Why Trump might not be able to fire Powell but he can remove everyone else at the Fed US Charges 2 Men in $22 Million NFT Rugpull Crypto Fraud Scheme Balaji Srinivasan on Bitcoin, AI: 'Going Vertical' DOGE Price Prediction for December 21 Fuel for rent: Harnessing idle GPU power can drive a greener tech revolution Bitcoin Technical Analysis: Will the Long-Term Uptrend Save the Day? Ripple CTO Reveals Rare 2013 XRP Ledger Use: Details Crypto Scam Busted—Victims One Step Closer to Justice Bitcoin price surges to $99K hours after record Bitcoin ETF outflow Memecoins Surge as BONK Leads Rally; Floki Gains Recognition as a Utility Token Ethereum (ETH) Price Prediction for December 21 Bitcoin Eyes $99K as Altcoins Produce Double-Digit Gains: Recovery Weekend Watch Bitcoin faces a $99.8K wall, new ATH or major rejection next? Spacecoin XYZ launches first satellite in outer space blockchain network 182 Million XRP in 24 Hours, Here's What Happened Trust Wallet fixes disappearing balance glitch Dogecoin (DOGE) Jumps 12%, Data Shows More Rally Ahead Cardano (ADA) on Verge of $1 Amid 15% Price Rebound What Will Happen for Cryptocurrencies in 2025? Here are the Analyst’s Opinions for the Trump Administration Cardano founder Charles Hoskinson offers to buy CoinDesk again Trader Issues Crypto Market Alert, Warns One or More Flushes Incoming Before End of Year – Here’s His Outlook Scam Sniffer Detects Phishing Ads on Google Faking Virtuals Protocol Expert Explains Why You Need to Hold at Least 1,000 XRP Biggest Altcoin Gainers of the Third Week of December 2024 Morgan Stanley Chief Economist Speaks: “The Fed Returned to a Hawkish Tone Today, But…” Top Trader Predicts 235% Shiba Inu Rise to $0.00005816 After Recent Fall Shiba Inu Price Prediction: Will SHIB Price Crash to 0? ALGO Activity Surges: Can Traders Capitalize on Algorand’s Rally? Market Analyst Predicts Timeline for XRP to Hit $6 $200,000 Bitcoin ‘Doable’ in 2025 Courtesy of One Catalyst, Says Venture Capitalist Dan Tapiero XRP lawsuit: Key U.S. Court Dates Revealed Amid SEC Shutdown Fears! PEPE’s road to recovery – A 10% hike, but will that be enough? VeChain Revolutionizes NFT Access with Free PofP Badge Tool Ethereum NFT collections drive weekly volume to $304M Here are 7 Events That Could Potentially Lead to Exponential XRP Upsurge Dogecoin to $10: Analyst Gives Timeline for Price Target BTC price stampedes to $99.5K hours after record Bitcoin ETF outflow Bitstamp Says XRP Will Make History Next Year Is Crypto the Ultimate Mirror of Emotions Like Greed, Fear, and Hope? Trading Mentor Commends XRP Resilience During Latest Market Crash, Says XRP is ‘Worth Monitoring’ 'Rich Dad Poor Dad' Author Names Best Assets for Your Money Hyperliquid Token Hits $10 Billion Milestone: Here’s What to Know DWF Ventures Wraps Up a Whirlwind Year in Crypto XRP Bollinger Bands Tighten Again on 12H Chart, Hinting at Major 490% Rally to $13 Huge Whales Accumulate $ENA as Bullish Momentum Grows Truth Terminal’s Fartcoin Soars 62,400%, Hits $25M Holdings All Eyes on Trump: Bitcoin Crash Could Pave the Way for a Historic Rebound in 2025 Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity Litecoin price dips below $100: A look at investor sentiment AI and Crypto Czar’s Role Has Now Narrowed Significantly If ETH ‘pullback continues,’ a $3K retrace remains in play — Analyst Tether Net Profits Reach $10 Billion in 2024 Ethereum Whales Buy the Dip Eyeing Quick ETH Price Rally to $4000 Bitcoin Dip: Is This the Buying Opportunity of 2024? Crypto Gaming Innovation: VCs Bet on These Top Projects MetaStreet Leverages the Earliest Onchain DePIN Finance Pool to Boost NodeFi Coverage Bitcoin on the Rise: Higher Highs, Higher Lows Signal $113K Target Cryptocurrency Prices Today Dec 21: BTC Hits $97K, HYPE and VIRTUAL Gain 25% SEC Accuses Tai Mo Shan of Misleading Terra Investors Whale Profits from Strategic $LINK Trading as Market Dips Bitcoin Whales Scoop Up $1 Billion Worth of BTC During Dip XRP Price Crash: Analyst Says Don’t Get Distracted As RSI Is Still Above A Bullish 50% Time to Buy ETH? Ethereum Whales $28.5M Worth of Ether US SEC Charges Tai Mo Shan With Fraud Over Terra USD Peg Stability Claims Japan’s controversial crypto tax system set for review in 2025 Over $2.3 Billion Stolen in Crypto Hacks and Frauds in 2024 Colombian Investors Can Now Trade Bitcoin ETF Shares in Pesos XRP Price Prediction For December 21 Crypto Whale Sells 22,746 $ETH for Debt Repayment Amid Price Dip Marathon Digital warms 80,000 Finnish homes with heat generated from Bitcoin mining Bitcoin Realized Losses Spike 3 Times The Weekly Average – Healthy Correction Or Downturn? MetaStreet Leverages the Earliest Onchain DePIN Finance Pool to Boost NodeFi Coverage $105,000,000,000,000 To Be Handed Down As Great Wealth Transfer Enters Full Swing – And One Generation Will Benefit More in the Short Term: Report Crypto Analyst Says On-Chain Indicator Flashing Bullish Signals for XRP, Solana and Two Other Altcoins JPMorgan Chase, Wells Fargo and Bank of America Customers Lose $870,000,000 To Scammers on Zelle, Forcing Victims To ‘Fend for Themselves’: CFPB Crypto Whales Bought These Altcoins in the Third Week of December 2024 Bitcoin Price Repeating December 2023’s Playbook: Is The ‘Actual Breakout’ Yet To Come? Coinbase believes tokenization, DeFi will be key themes in 2025 amid pro-crypto policies BONK Burn Campaign Nears 1 Trillion Tokens SUI Price Defies Market Correction with TVL Surge; Is $5 Close? Bitcoin (BTC) Loses $100,000: What's Next? Ethereum (ETH) To Never See $4,000? Solana (SOL) Great Reset Is Incoming Polkadot Price at Crossroads: Will Fibonacci Support Revive DOT? EU Commission approves Nvidia’s Run:ai acquisition Lack of proper indexing is throttling DApp speeds — Pangea CEO 3rd largest blockchain by stablecoin cap, $100M+ in RWA – What went right for Arbitrum in 2024? EU’s upcoming crypto rules could impact liquidity due to USDT delistings It’s Not Unusual: Stablecoin Platform Altcoin USUAL Bucks Crypto Downtrend Following Binance Listing We Need In-Kind Redemptions For The Spot Bitcoin ETFs