Bitcoin briefly regained ground above $100,000 at the end of 2023 but lost steam on Thursday as long-term interest rates surged and the US Federal Reserve’s rate-cutting talk sparked market concerns. The cryptocurrency has more than doubled in value this year despite a decline of nearly 4% over the past 24 hours. Experts warn that lower interest rates may have become a headwind for bitcoin, citing an unprecedented rise in 10-year Treasury yields to near-2024 highs.
Source: https://www.coindesk.com/markets/2024/12/26/bitcoin-returns-to-95-k-as-christmas-rally-snuffed-out