Bitcoin stabilizes at around $95k after dropping, concerns over regulations and profit-taking.

From Investing.com

January 2, 2025 12:26:59 AM:

Bitcoin stabilized after a sharp drop, with traders concerned about crypto regulations under Trump. Profit-taking and Wall Street losses also weighed on market sentiment. Despite rallying over 100% in 2024, Bitcoin fell below $100,000. Trump’s promises of crypto-friendly regulations were met with skepticism, leading to doubts over his policies as he takes office.

Altcoins rebounded as cryptocurrency prices rose, recovering from year-end losses. Ethereum rose 2.1% to $3,411.12, while Binance Coin jumped 13.7% to $2.3904. The Federal Reserve’s signal of slower interest rate cuts in 2025 rattled risk appetite, impacting speculative assets like crypto. Other altcoins and meme tokens also saw gains between 5% to 10%.

Read more at Investing.com: steadies at $95k after year-end rout By Investing.com