Investing.com– Bitcoin climbed for the seventh consecutive session on Monday, recovering from a year-end slump, while investors cautiously await clues on the U.S. regulatory outlook before President-elect Donald Trump takes office this month.
rose around 1% to $98,870.0 by 09:27 ET (14:27 GMT).
This price movement is part of a broader crypto trend, with Bitcoin experiencing a 6% appreciation over the past week.
In December 2024, Bitcoin reached an all-time high of $108,244.9, driven by increased institutional adoption and expectations of a strategic reserve under the Trump administration.
However, prices fell sharply in the last two weeks of 2024 amid profit-taking as the U.S. Federal Reserve’s hawkish rate outlook sparked liquidity concerns.
Analysts remain optimistic about Bitcoin’s future performance. H.C. Wainwright projects that Bitcoin could reach $225,000 by the end of 2025,…
Read More
