#ChristmasMarketAnalysis
Hello,
Christmas is coming, and the New Year of 2025 is approaching. Christmas, New Year, Trump's inauguration, Bitcoin's half-year reduction... With these buffs, Bitcoin may be expected to end the adjustment and return to the upward track again.
Christmas is coming, is the crypto market correction over?
The Federal Reserve announced a rate cut last week and lowered the possibility of further rate cuts, leading to a global market collapse. Bitcoin fell from its historical high of 108,000 to around 90,000 US dollars in just a few days. Altcoin were in a bloodbath, and some tokens lost all their gains during the bull market.
Matt Hougan, chief investment officer at Bitwise Asset Management, attributed the recent crypto market pullback to a “natural unwinding of leverage,” and stressed that “the long-term drivers remain intact and we are still in a strong bull market.”,