The cryptocurrency market continues to experience significant volatility, with Bitcoin recently breaking record after record. However, recent developments have raised the question, “Has the trend reversed?” Here’s the latest value of Bitcoin!
What is the current value of Bitcoin?
On the morning of December 17, Bitcoin reached a new all-time high of $108,000. Yet, in the past few days, the situation seems to have turned around. The cryptocurrency fell back below $100,000 yesterday morning.
Despite rising above $100,000 several times throughout the day, Bitcoin couldn’t maintain this level and saw a decline, especially in the evening. As of the writing of this article, Bitcoin’s value is hovering around $98,000.
Donald Trump is set to make history by appointing a crypto policy official at the White House. This is one of the significant developments fueling the current volatility in the crypto market. The upcoming US presidential elections in 2024 are also playing a role in this market movement. Trump, who served as the President from 2017-2021, is now set to return to office, defeating his rival Kamala Harris, and becoming the 47th President of the United States. Experts believe that Trump’s influence on the markets will last for a while.
What do you think about this? Do you believe Bitcoin can maintain its value around the $100,000 mark? Feel free to share your thoughts in the comments!
