Bitcoin’s price fell by $14,000 from its all-time high on December 17, dropping to $93,944. This move marks the cryptocurrency’s descent into its 50-day moving average, a level that has raised concerns among investors. Inflows into US ETFs tracking Bitcoin have started to slow down, signaling a cooling trend in investor interest. With the record-breaking year nearing its end, Bitcoin is now flagging as it prepares to close out a historic period.
Source: https://www.bloomberg.com/news/articles/2024-12-24/bitcoin-btc-momentum-ebbs-heading-into-last-stretch-of-record-year