Bitcoin reached a record high of $107,000 in mid-December but has since declined to around $96,000. This has led to significant outflows from BlackRock's iShares Bitcoin Trust ETF. The crypto market tends to move in cycles of rapid growth followed by quieter phases. Despite the recent decline, Bitcoin's adoption momentum and increasing regulation are expected to support its long-term price stability. The next rally in the crypto market could be imminent.



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