1. Bitcoin's price falls below $96,000: On December 19, the price of Bitcoin dropped to $95,700, and by the morning of December 20, it was trading around $97,900.
2. Market reaction to the U.S. Federal Reserve's rate cut: Following the third interest rate cut by the U.S. Federal Reserve in six months, the cryptocurrency market began to correct.
3. The Federal Reserve Chair's comment on Bitcoin: U.S. Federal Reserve Chair Jerome Powell opposed the creation of a national reserve in cryptocurrency, which impacted the decline in Bitcoin's price.
4. Bitcoin's price rises to an all-time high: On December 17, the price of Bitcoin exceeded $108,000, setting a new record.
5. Analysts explain Bitcoin's volatility: Experts link the recent fluctuations in Bitcoin's price to the decisions of the U.S. Federal Reserve and statements from its chair, as well as the overall volatility of the cryptocurrency market.
