The post Will Bitcoin Price Crash to $40,000? appeared on BitcoinEthereumNews.com.

Bitcoin price has been on a rollercoaster ride lately, with its value slipping under $100,000 during late U.S. trading hours before bouncing back slightly in early Asian hours. This dip comes after the Federal Reserve hinted at potential rate cuts in 2025, creating ripples in the market. Investors are now left wondering: Is Bitcoin heading for another crash, or is this just a temporary setback? In this Bitcoin price prediction article, we’ll explore the factors behind Bitcoin’s recent price movement and what they might mean for its future. How has the Bitcoin Price Moved Recently? BTC/USD Daily Chart- TradingView Bitcoin is currently priced at $101,210, with a 24-hour trading volume of $113.26 billion, a market capitalization of $2 trillion, and a market dominance of 56.34%. Over the past 24 hours, its value has dropped by 2.56%. The cryptocurrency hit its all-time high of $108,282 on December 17, 2024, while its lowest recorded price was $0.05 on July 17, 2010. Since reaching its ATH, Bitcoin’s lowest point was $98,805, with the highest rebound since that low being $101,405. Market sentiment around Bitcoin remains bullish, supported by a Fear & Greed Index score of 75, indicating a state of greed. Bitcoin’s circulating supply stands at 19.80 million BTC, with a maximum supply capped at 21 million BTC. The current annual supply inflation rate is 1.14%, with 223,638 BTC added to the supply over the last year. Why Bitcoin Price Is Down? The recent dip in Bitcoin’s price can be attributed to a combination of macroeconomic signals and regulatory uncertainty. The Federal Reserve’s hints about potential rate cuts in 2025 initially created some market optimism, but this was quickly overshadowed by remarks from Fed Chair Jerome Powell. Powell clarified that the central bank is not legally permitted to own Bitcoin, quashing speculation about…

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Filed under: News - @ December 19, 2024 7:28 am