Bitcoin Returns to $95K as Christmas Rally Snuffed Out

Quick Summary:

Interest rates were a tailwind to prices for much of 2024, but now may have become a headwind.

"If the Fed does not back off the rate-cutting talk, bond yields will go as high as needed to start breaking things, to break inflation".

Bitcoin at press time was trading at $95,300, down 3.1% over the past 24 hours.

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Article Details

Author / Journalist: Stephen Alpher

Category: Crypto

Markets: United StatesCuba

Topics: Interest Rates Markets Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 13:43:14 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 294 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 24675169

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Main Topics: Crypto

Official Website: coindesk.com

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Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

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