Bitcoin’s price surge to over $108,000 has stalled as traders wait for signals from the Federal Reserve’s upcoming meeting and await President-elect Donald Trump’s influence on cryptocurrency sentiment. The largest token briefly touched $108,315 before dropping back to $104,775 by Wednesday morning. The digital asset market reached a value of nearly $4 trillion during its earlier rally, according to data compiled by CoinGecko.
Source: https://www.bloomberg.com/news/articles/2024-12-18/bitcoin-btc-rally-pauses-after-scaling-108-000-for-the-first-time