Investing.com– recovered some ground on Thursday after falling sharply in the last week of 2024 as traders fretted over the regulatory outlook for crypto under incoming President Donald Trump.
Broader risk appetite was also stymied by losses on Wall Street, as the prospect of slower rate cuts in 2025 sparked some profit-taking towards the end of the year.
Bitcoin was also subject to profit-taking after rallying over 100% in 2024, with a bulk of its gains coming after Trump’s victory in the 2024 presidential election.
rose 2.2% to $96,423.0 by 09:24 ET (14:24 GMT), after falling as low as $92,000 in the past week.
Bitcoin slides below $100k in year-end rout
Bitcoin slid below the coveted $100,000 level over the past week as traders locked in some profits at the end of the year.
The crypto had surged to a record high of over $108,000 earlier in December,…
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