Prezzo di Counterfire Economic CoinCEC

$CEC

LBitcoin (BTC) has found some stability around $95.500 after witnessing a sharp drop in the last week of 2024, falling to an intraday low of $91,279 before recovering to reclaim $95,000 during the current session. BTC’s drop was triggered by investors becoming wary of the regulatory outlook for crypto under the incoming administration. Risk appetite was also impacted by the prospect of lesser rate cuts in 2025, which led to considerable profit-taking by the end of the year. BTC rallied over 100% in 2024, with significant gains coming after Donald Trump’s election victory. The year-end drop came after BTC had surged past $108,000 to a new all-time high. However, the asset lost momentum after reaching this level thanks to profit-taking and traders questioning how Trump’s policies will impact crypto. Trump promised to enact crypto-friendly regulations and nominated several crypto-friendly candidates for key positions. However, doubts have emerged over some of his promises, primarily establishing a strategic Bitcoin reserve. BTC is looking to reverse a recent downward trend that began after it reached an all-time high on December 17. Since then, sellers have driven BTC below the 20 and 50-day SMAs and the $100,000 price level. BTC dipped to a low of $92,469 at the beginning of the previous week as selling pressure intensified considerably. Despite the prevailing bearish sentiment, BTC made a strong recovery on Tuesday, rising over 4% to go above $95,000 and settle at $98,687. BTC continued to push higher on Wednesday but could not go above the $100,000 mark or the 20-day SMA, ultimately settling at $99,409 after registering an increase of 0.73%. Thanks to the 20-day SMA acting as resistance, BTC was back in the red on Thursday, dropping 3.74% to $95,691.$BTC $CEC

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hold or sale