CandleFocus Is the Trump Rally Over in Bitcoin? Will the Decline Continue? Analysts Answered!
2024-12-23
Author: Content Editor
Bitcoin experienced a sharp decline to $9,000 levels following hawkish statements from FED Chairman, Jerome Powell. This decline marks its first weekly loss since Donald Trump's US election victory. The cautious stance of the Fed and the decline in global stocks have impacted the cryptocurrency markets. Analysts predict that the record outflow in US spot Bitcoin ETFs could further lower prices in the short term. However, there are expectations for a major bull run in the first quarter of 2025, although prices will remain volatile in the near term.
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