Bitcoin briefly rebounded to the $9.4 million range... "ETF funds outflow"

2024.12.31. AM 06:03
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Bitcoin, a cryptocurrency market leader, fell to the $91,200 range and recovered some of the fall, but it remains down more than $13, 000 and 12.5% compared to the all-time high of $107,800 on the 16th.

On the U.S. cryptocurrency exchange Coinbase, the price per unit of Bitcoin was $94,892, up 1.48% from 24 hours ago.

Bitcoin has recorded a daily high thanks to the "Trump effect" since the U.S. presidential election, but it stopped rising as the U.S. Federal Reserve hinted at adjusting the pace of its key interest rate cut next year on the 18th.

Pepperstone Group, an Australian foreign exchange trading company, said, "Bitcoin's rise has stopped since the U.S. presidential election, and funds have been withdrawn from Bitcoin Exchange Traded Fund (ETF)."

At the same time, second-largest market cap Ethereum was up 1.05% at $3,396, while Ripple was down 2.56% at $2.09, while Solana and Dogecoin were up 0.59% and 1.03% at $194 and $0.32, respectively.



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