Can Bitcoin rally in December?

Bitcoin is dropping fast, but could it rally before the end of December? As with any financial asset, Bitcoin’s price can be volatile. In this article we take a look at its recent performance and discuss why bears may yet come out on top in what has been an extremely turbulent year for cryptocurrencies.

Bitcoin has been on a rollercoaster ride this year. After reaching an all-time high of $19,783 in December 2017, the cryptocurrency has been struggling to stay afloat. There are many factors that could cause Bitcoin to rally in December. Read more in detail here: bitcoin price.

 

Join Cointelegraph host and analyst Benton Yaun, as well as resident market specialists Jordan Finneseth and Marcel Pechman, as they dissect this week’s market headlines. Here’s what to look forward to in this week’s market news: 

  • Bitcoin (BTC) has seen the shortest correction of the year, falling just 17% from its all-time high. Is it possible that we’ll have a Santa Claus rally in December as a result of this?
  • The popular PlanB floor model missed its November closure objective. This is the model’s first miss in its ten-year career. The inventor, on the other hand, isn’t giving up and has given it another month to fix it. Was it fear about the coronavirus, or a combination of events, that caused it to miss the mark?
  • Money seems to be streaming into the Metaverse at an exponential rate. Metaverse projects sold land at a total of $106 million last week. Is this the next big thing in the world of nonfungible tokens (NFTs)?

The presenters talk with special guest Gareth Soloway on the current Bitcoin market cycle, inflation, and how the S&P 500 might influence cryptocurrencies if it crashed after the market news update.

The Cointelegraph analysts select two altcoins that shone out this week using information from Cointelegraph Markets Pro, a tool for crypto traders who want to keep one step ahead of the market. They are Shiba Inu (SHIB) and Terra’s LUNA.

Finally, Cointelegraph Markets expert Pechman explains why Bitcoin’s recent fall might be due to regulatory uncertainty. Both US Secretary of State Janet Yellen and Federal Reserve Chair Jerome Powell have said that a regulatory framework is urgently needed, while the SEC rejected VanEck’s proposal for a spot Bitcoin exchange-traded fund on November 12. Is there any chance that regulatory clarity will emerge in the next six months?

Have a question regarding a coin or a subject that isn’t addressed here? Don’t be concerned! Join the YouTube discussion forum and ask your questions there. A free month of Cointelegraph Markets Pro, valued at $100, will be granted to the individual who makes the most fascinating remark or question.

“The Market Report” airs live on Cointelegraph’s YouTube channel every Thursday at 12:00 p.m. ET (5:00 p.m. UTC), so be sure to like and subscribe for all of our future videos and updates.

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Bitcoin has been in a downward trend for most of this year, but there is a chance that it may rally in December. The “cointelegraph brasil” has released an article stating that the price could rise to $4000 by the end of the year.

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