Bitcoin's rally, driven by optimism surrounding Donald Trump's victory in the 2024 U.S. presidential election, is slowing down as the year concludes. The cryptocurrency traded at $93,085 in London on Monday, down $15,000 from its mid-December peak. While Bitcoin benefited from Trump's crypto-friendly stance and speculative buying, reduced activity in exchange-traded funds and the Federal Reserve's scaled-back projections have dampened investors' hopes for significant interest rate cuts. The future of crypto policy in the U.S. under Trump's administration is expected to be more transparent, contrasting with the tough approach taken by President Joe Biden's administration. Despite the recent slowdown, Bitcoin has performed impressively in 2024, posting a surge of over 120% and outperforming global stocks and gold.



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