ChainFabricNews

image source:Devdiscourse Bitcoin has had an extraordinary year, breaking barriers and capturing the imagination of millions. Recently, it surpassed the $100,000 mark, a psychological and financial milestone that has cemented its position as a leading digital asset. This success story is driven by several factors, including its growing acceptance among major institutions, groundbreaking technological advancements, and increasing recognition as a safe store of value. Bitcoin Finds Its Place in the Mainstream In 2024, Bitcoin continued its journey into the mainstream, with institutional adoption taking center stage. Financial giants, such as asset management firms and hedge funds, are now actively incorporating Bitcoin into their portfolios. Many see it as a hedge against inflation and an alternative to traditional safe-haven assets like gold. Beyond the financial sector, multinational corporations are embracing Bitcoin as a payment option, making it easier for everyday consumers to use ...

image source: linkdin  The cryptocurrency market continues to showcase its dynamic and unpredictable nature. Bitcoin, the world’s most popular digital currency, has recently seen a significant drop in its value. As of December 29, 2024, Bitcoin’s price fell to approximately $93,545, representing a 2% decline over the past 24 hours and a 10% decrease in the past week. This downturn reflects the intricate interplay of economic policies and political changes shaping the cryptocurrency landscape. How Federal Reserve Policies Are Influencing Bitcoin Recent statements from the Federal Reserve about its monetary policy have played a significant role in Bitcoin’s price decline. Earlier, the Federal Reserve hinted at potentially easing interest rates, but now it’s signaling a slower pace of rate cuts for 2025. This shift is driven by ongoing inflation concerns, requiring a more cautious approach to monetary easing. Lower interest rates generally boost riskier investments like cryptocurrenci...