Bitcoin - Overview as of 12/19/2024

Financial and commodity markets analytics


After the recent rise in the dollar, bitcoin and cryptocurrencies experienced a short-term decline, returning below $100,000. The strengthening of the dollar caused by the Federal Reserve has limited the growth of cryptocurrencies as investors avoid riskier assets. However, bitcoin regained ground at the $100,000 mark, reaffirming its role as a long-term store of value despite the short-term volatility.