On Monday, the price of bitcoin hits a new all-time high of $106,648 before falling.
The forecast for 2025 is unclear, although it is generally anticipated that the US Federal Reserve will lower interest rates on Wednesday.
Last week, US Bitcoin Spot ETFs saw a $2.17 billion influx, indicating that demand is still high.
There is a 97.1% chance of a 25 basis point drop, while the remaining 2.9% points are for the rate to stay unchanged, according to the CME’s Fed watch tool, which measures the probabilities of changes to the Fed rate as reflected by Fed Funds future prices.
