This week saw Bitcoin (BTC) plummet after setting a new all-time high, thanks to comments by Federal Reserve Chair Jerome Powell, who raised concerns about inflation and said there may be only two rate cuts in 2025. Let’s look at some more major developments.
Bitcoin (BTC)
President-elect Donald Trump has reiterated his plans to sign an executive order and create a Bitcoin reserve on his first day in office. This has left many wondering how it could impact Bitcoin’s current four-year boom-bust cycle.
El Salvador plans to continue buying Bitcoin (BTC) for its strategic reserve despite reaching a deal with the International Monetary Fund (IMF). The Central American country had agreed to modify its Bitcoin policy to secure a $1.4 billion loan deal with the IMF.
Federal Reserve Chair Jerome Powell has said the Federal Reserve is not allowed to own Bitcoin and does not intend to be involved in any government effort to create a Bitcoin strategic reserve.
Bitcoin (BTC) surg
We współpracy z: https://cryptodaily.co.uk/2024/12/crypto-weekly-roundup-bitcoin-plummets-after-hitting-all-time-high-more
