The recent Bitcoin market decline has sent shockwaves through the cryptocurrency landscape, as traders grapple with the implications of a significant sell-off.Following Bitcoin’s exhilarating rise to an all-time high of $109,114.88, the market has swiftly turned bearish, with Bitcoin slipping 4.8% to $102,658.71.
Bitcoin has officially reached a new all-time high, soaring to an impressive $109,356 on the Bitstamp exchange early Monday morning.This remarkable Bitcoin price surge marks a significant milestone for the cryptocurrency, as it trades close to the $108,000 mark after a brief correction.
Bitcoin price has become a focal point in the cryptocurrency market, especially with the upcoming inauguration of Donald Trump, who is anticipated to implement pro-crypto policies.As Bitcoin recently reclaimed the $100,000 mark, many investors are keenly watching for potential price movements that could indicate a new all-time high.