Stocks-Prognosis.com
Search on StockPrognosis.com
To search on the site stockprognosis.com enter the name of the ticker, company name, or search phrase
Sections of the site



Bitcoin Slumps to Two-Week Low as Powells Rates Scare Knocks Crypto Prices

December 22, 2024
Recent developments in the cryptocurrency market have caused Bitcoin to plummet to a two-week low. The scare came as Federal Reserve Chairman Jerome Powell hinted at potential interest rate hikes, sending shockwaves throughout the financial world. The uncertainty surrounding the Fed's next moves has led to a significant decrease in investor confidence, resulting in a sharp decline in Bitcoin prices.

Despite this temporary setback, experts believe that Bitcoin's long-term growth potential far exceeds that of the US dollar. Senator Lummis, a prominent advocate for Bitcoin, recently stated that the digital currency has the potential to outperform traditional fiat currencies in the coming years. This bullish sentiment is shared by many cryptocurrency enthusiasts who see Bitcoin as a hedge against inflation and a store of value in times of economic uncertainty.

While the short-term fluctuations in Bitcoin's price may be worrisome for some investors, it is important to focus on the bigger picture. Over the past decade, Bitcoin has consistently delivered substantial returns, outperforming traditional asset classes such as stocks and bonds. As global adoption of cryptocurrencies continues to grow, Bitcoin is expected to maintain its upward trajectory.

For those interested in capitalizing on the potential growth of Bitcoin, it is advisable to consult with professionals in the field. Platforms like Stocks Prognosis offer expert analysis and forecasts on the movement of Bitcoin and other cryptocurrencies. By seeking guidance from experienced professionals, investors can make informed decisions and increase their chances of generating substantial profits in the highly volatile cryptocurrency market.
If you want to leave a comment, then you need Login or Register





Other data for BTC-USD

Related data

BTC-USDJuly 10, 2025BITCOIN USD Hits 67.23% Profit Target as Forecasted by QuantWave  ~1 min.

On November 5, 2024, QuantWave, the automated forecasting platform, issued a long signal for BITCOIN USD at a price of 69359.56 $. Fast forward to July 10, 2025, and the target price of 115987....

BTC-USDMay 21, 2025BITCOIN USD: QuantWave Achieves 65.91% Profit Target Forecast Success  ~1 min.

QuantWave, an automated forecasting platform, recently celebrated a significant achievement with its forecast for the stock BITCOIN USD....

BTC-USDMarch 19, 2025BTCUSD: Bitcoin Struggles to Take Off as Trump Hype Has Turned into Bearish Swipe  ~2 min.

Bitcoin, represented by the BTCUSD ticker, is currently facing challenges in gaining momentum as the initial hype surrounding Donald Trump's presidency has ultimately turned into a bearish sentiment....

BTC-USDMarch 18, 2025Bitcoin: The Last Opportunity Of 2025 Cryptocurrency: BTC-USD  ~1 min.

Bitcoin, one of the most popular cryptocurrencies, is presenting investors with a unique opportunity in 2025....

BTC-USDMarch 17, 2025Bitcoin Continues to Fall: What's Driving the Action  ~2 min.

Bitcoin, the world's most popular cryptocurrency, has been on a downward trend recently. This decline in price has left investors wondering what is causing the drop....

BTC-USDMarch 15, 2025Bitcoin risks weekly close below 82K on US BTC reserve disappointment  ~1 min.

Bitcoin, the leading cryptocurrency, is facing the risk of a weekly close below $82,000 as investors express disappointment over the US BTC reserve....

BTC-USDFebruary 21, 2025Bitcoin Price Hits All-Time High as Crypto Frenzy Peaks  ~2 min.

The price of Bitcoin, denoted as BTCUSD, has reached an unprecedented high, breaking through the $95,000 mark....

BTC-USDFebruary 20, 2025Bitcoin's Price History: From Its 2009 Launch To Its 2025 Heights  ~2 min.

Bitcoin, the world's most famous cryptocurrency, has come a long way since its launch in 2009. From its humble beginnings, Bitcoin has experienced tremendous growth, reaching new heights in 2025....

BTC-USDFebruary 18, 2025BTCUSD: Bitcoin Prices Steady as Crypto Traders Look for Market-Moving News  ~1 min.

Bitcoin, the leading cryptocurrency, has maintained stable prices as traders eagerly anticipate market-moving news....

BTC-USDFebruary 16, 2025BTCUSD: Bitcoin Claws Back from 94000 as Traders Buy In After Hot Inflation Report  ~1 min.

Bitcoin's value saw a surge as traders rushed to buy in after a highly anticipated inflation report....

BNB-USDFebruary 19, 2025BNB Price Surge Attracts Attention as it Rises More Than 8% in 24 Hours  ~2 min.

Binance Coin (BNB-USD) experienced a significant surge in price, rising more than 8% in just 24 hours....

ETC-USDDecember 16, 2024Ethereum Classic Price Prediction 2024-2050: ETC Forecast Shows Promising Growth  ~2 min.

Ethereum Classic (ETC-USD) has been gaining attention in the cryptocurrency market, with experts predicting significant growth in the coming years....

AVAX-USDDecember 12, 2024Avalanche AVAX Price Prediction December 2024 2025 2026 2030 2040 - 2050  ~1 min.

AVAX-USD, the cryptocurrency of the Avalanche blockchain platform, has been gaining significant attention in the market....

BTC-USDFebruary 5, 2025Bitcoin BTCUSD Rises Above 105k as US States Ponder Bitcoin Strategic Reserve  ~2 min.

Bitcoin, the world's largest cryptocurrency, experienced a significant surge in value today, rising above $105,000 USD....

DOGE-USDFebruary 27, 2025Dogecoin Plummets 8.5 To 20 Cents: Is It Over For DOGE?  ~2 min.

In a shocking turn of events, popular cryptocurrency Dogecoin (DOGE) experienced a drastic drop of 8.5%, bringing its value down to just 20 cents....