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Bitcoin closed down 10% on the week after the Federal Reserve shared slimmer rate cut projections for 2025 than anticipated.

Bitcoin experienced its first weekly decline since Trump's election win, dropping over 7% due to the Fed's cautious policy outlook. This impacted the broader crypto market, which fell about 10%.

Adding to this momentum, the winning U.S. presidential candidate made support for Bitcoin a central pillar of his campaign. Collectively, these milestones cemented 2024 as the year the crypto ...

Bitcoin is headed toward its first weekly decline since Donald Trump ... sparked by the president-elect’s embrace of the crypto sector. The largest digital asset was down more than 7per ...