4 Reasons Bitcoin Has Given up Its Gains From the Summer

Bitcoin's (CRYPTO: BTC) price reached a new all-time high of $124,291 on Aug. 13. But as of this writing, it's pulled back to about $112,500 -- and some bearish investors expect it to drop even further. Let's see why the top cryptocurrency is gradually giving up some of its massive gains from the summer.Bitcoin's price was driven higher by the Federal Reserve's three interest rate cuts in 2024, which drove many investors back toward riskier assets like cryptocurrencies. At the start of 2025, most investors expected the Fed to keep cutting its rates as inflation cooled off.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool