Last week, BTC fell by 10%, dropping more than $10,000 from the high at the beginning of the week
According to TradingView data, as of the week ending December 22, Bitcoin fell by 10%, closing at $94,645, a drop of about $10,500 from its starting point of $105,185.
As of last week, since Trump's election victory, the price of Bitcoin has risen in six out of seven weeks' closings.
CoinMarketCap data shows that the only decline occurred in the week ending November 24 when Bitcoin slightly fell by approximately 0.78% to $97,280.
Despite some pullbacks, asset management firms Bitwise and VanEck predict that Bitcoin will rise to a range between $180k-$200k by 2025. This could be due to America's strategic reserves for Bitcoin and further adoption by institutions and businesses. (Cointelegraph)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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