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Bitcoin Market Cap Drops $180 Billion Ahead of Christmas
Bitcoin (BTC) has fallen sharply to $97,621 after hitting an all-time high of over $108,000 on December 17, wiping out about $180 billion of its market cap.
The cryptocurrency’s market cap fell from $2.14 trillion to $1.93 trillion.
The fall was largely driven by the Federal Reserve’s recent announcement, which also led to a $1.5 trillion drop in the US stock market.
However, analysts are optimistic for 2025; Wall Street analyst Tom Lee has suggested a $250,000 target, Robert Kiyosaki a $350,000 target, and Perianne Boring even a $800,000 target. 3 replies
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