The price of $BTC continued its upward run despite the fact that the president of the US Federal Reserve included in his speech that banks can hold crypto assets and serve Crypto clients.
However, the Board of the Czech National Bank (CNB) approved a proposal to evaluate investments in Bitcoin as a strategy to support and strengthen its international reserves.
This latest news undoubtedly generated greater confidence in investors to help increase its price until it briefly exceeded 106 thousand dollars.
Currently, BTC is facing a notable correction after its price fell from a peak of $109,000 last week to now trading once again below the $100,000 price mark as of today.
$BTC has dropped nearly 5% in the last week to its trading price of $99,986, marking a decrease of 7.9% from its all-time high reached last week.
Cryptocurrencies are trying to avoid declines caused by the pullback in the U.S. stock market, where semiconductor companies are suffering heavily today, with the Nasdaq 100 declining nearly 3%.
According to what I have been reading, the price drop of Ethereum, Bitcoin, and other cryptocurrencies may be due to the pressure from the massive sell-off in the Nasdaq.
According to various opinions I have read, it is speculated that the trend for the year 2025 will be a bullish season for altcoins, while it is speculated that the price of Bitcoin will remain between 90 to 94 thousand dollars.
In my opinion, I estimate that the price of Bitcoin will correct even further to drop to 74 thousand dollars. As for altcoins, not all will have good growth, so I recommend carefully analyzing which currency to invest in to avoid losing money due to FOMO.
Since September I have sold my cryptocurrencies to invest in 2 sustainable projects... My true Christmas miracle is that when I receive the dividends, I will have enough to recover my used tokens 😁
I know that I will have much more than the investment I made and I hope to show the results of my investments!!! Only then will I be able to recommend them
As I have been saying, the price of cryptocurrencies was going to consolidate during these Christmas days, but ahead of time there is a rebound effect towards their bullish run.
There are coins that still offer an opportunity to invest before they increase in price.
Greetings dear readers... I invite you to immerse yourselves in the crypto world and educate yourselves financially so that you can manage your own capital.
It is pleasing to see the achievements I have made by entering my #2024withBinance and I would like to share it with you here Mi resumen 2024
You can also enter the section and see your achievements... and if you wish, you can share it in the comments.
The price of bitcoin is undergoing a correction after being over $101K. As can be seen in the chart, the price could reach 95K or 96K before resuming its upward trend and closing the year at 104-110 thousand dollars.
This 2024 has been a year of surprises in the crypto world, where those who were able to take advantage of the bullish season made money, and those who did not manage their capital well lost money.
Looking back, perhaps I sold at prices I could have taken better advantage of, but I take satisfaction in having withdrawn part of my cryptos to invest in 2 profitable projects.
A few days ago I published an analysis of the price of $ETH and when it was at $3800 I told you that it would make a correction to then reach $4000...so I maintain that price analysis and took the opportunity to buy now to sell later. #ETHOnTheRise #eth #tradingcrypto #binance