Investing.com– Bitcoin retreated on Wednesday, extending overnight losses and wiping out a recent rebound as heightened concerns over slower interest rate cuts in 2025 sparked deep losses across risk-driven assets.
The world’s largest cryptocurrency had briefly risen past the coveted $100,000 level as it marked an extended recovery from a late-December rout. But Tuesday and Wednesday’s losses saw the crypto wipe out the entirety of its recovery, putting it back in sight of late-December lows.
fell over 4% to $95,427.0 by 09:51 ET (14:51 GMT), after losing over 5% on Tuesday.
The crypto was also subject to some profit-taking after logging a stellar 2024. A bulk of Bitcoin’s gains came after Donald Trump’s victory in the presidential election, given that he had promised to enact crypto-friendly policies.
But crypto markets were now awaiting more cues on Trump’s policy plans, as he takes office on January…
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