BTCUSD: Bitcoin Slumps to Two-Week Low as Powell's Rates Scare Knocks Cryptocurrency

December 26, 2024

Bitcoin, the leading cryptocurrency, experienced a significant drop in its price, falling to a two-week low.
This slump in Bitcoin's value can be attributed to the recent comments by Federal Reserve Chairman Jerome Powell regarding the possibility of rate hikes. Powell's statements about tightening monetary policy have created fears and uncertainty among investors, causing a sell-off in various markets, including cryptocurrencies. Despite MicroStrategy's efforts to beef up buying and increase adoption, Bitcoin failed to sustain its Christmas gains. Experts at Stocks Prognosis suggest caution in investing in Bitcoin at this time and recommend seeking professional advice for predicting the future movement of BTC-USD. For more reliable forecasts, consult the professionals at Stocks Prognosis.

Find out how the BITCOIN USD rate is expected to change

Get Forecast for BTC-USD

Investor opinions & comments:

I'm excited to see how Bitcoin bounces back from this dip. Its track record has shown that it can recover and reach new highs. I'm confident in its long-term prospects

— from CashCasey at 12-30-2024 10:11

Bitcoin's slump could be an opportunity for hodlers to accumulate more at a lower price. I see it as a healthy correction in a market that has experienced significant growth

— from ZoeRoss at 12-30-2024 02:31

Despite the recent drop in price, I believe in the long-term potential of Bitcoin. It has shown resilience in the past and has a strong community backing. I remain optimistic about its future

— from IsaacPerry at 12-29-2024 18:38

I'm curious to see how Bitcoin will recover from this two-week low. It would be interesting to hear different expert opinions on its future prospects

— from CashCasey at 12-28-2024 18:59

I'm not convinced that Bitcoin's price drop is solely due to Powell's comments. There may be other factors at play. I'll be doing some more research before making any decisions

— from CashChris at 12-28-2024 15:40

This news about Bitcoin's slump is concerning. I want to learn more about the impact of Powell's comments on the cryptocurrency market

— from FinanceFrank at 12-28-2024 02:32

I wonder if this drop in Bitcoin's price presents a buying opportunity. I'll be keeping a close eye on its movements and considering if it's a good time to invest

— from MoneyMia at 12-27-2024 15:53

I'm skeptical about relying on professional advice for predicting the movement of Bitcoin. The market is highly unpredictable, and it's difficult to accurately forecast its future

— from ProfitPat at 12-27-2024 07:38

I'm not surprised by Bitcoin's slump. The market for cryptocurrencies is often volatile, and news like this can shake investor confidence. I'll wait and see how it plays out

— from DividendDaisy at 12-26-2024 21:20

If you want to leave a comment, then you need Login or Register

Other news for BTC-USD

March 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....

March 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....

March 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....

March 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....

February 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....

Related news

December 4, 2024Bitcoin's Surge Continues: MicroStrategy Invests Another $1.5 Billion ~1 min.

Bitcoin, the world's leading cryptocurrency, has once again surpassed the $97,000 mark, triggering excitement among investors....

November 23, 2024MicroStrategy's Bitcoin Holdings Reach $29 Billion as Company Continues to Invest ~1 min.

MicroStrategy, a leading business analytics company, recently announced that it has purchased an additional $4.6 billion worth of Bitcoin....

February 2, 2025Jim Cramers crypto call: bet on bitcoin skip MicroStrategy ~1 min.

Renowned financial analyst Jim Cramer has advised investors to prioritize Bitcoin over MicroStrategy....

November 21, 2024MicroStrategy buys 4.6B in Bitcoin, total holdings top 29B ~1 min.

MicroStrategy, a leading business intelligence company, has announced its recent purchase of 4.6 billion dollars' worth of Bitcoin....

December 29, 2024Bitcoin erases Christmas gains even as MicroStrategy beefs up buying push ~1 min.

Despite a strong push by MicroStrategy to buy more Bitcoin, the cryptocurrency has erased its gains from the Christmas period....

Search on StockPrognosis.com

Sections of the site

BTCUSD: Bitcoin Slumps to Two-Week Low as Powell's Rates Scare Knocks Cryptocurrency

Find out how the BITCOIN USD rate is expected to change

Investor opinions & comments:

Other news for BTC-USD

Related news

Stocks-Prognosis.com © 2025