Bitcoin's price has seen a slight drop after hitting a new all-time high of over $76,000, currently settling around $75,400—up 1.4% on the day. In the last 24 hours, over $128 million worth of Bitcoin changed hands, marking one of the largest trading volumes since 2013. Analysts suggest that the recent election victory of Donald Trump may boost investor sentiment, provided he follows through on pro-crypto promises. There are high expectations for rate cuts and global stimulus to support the economy and Bitcoin's performance. The upcoming Federal Open Markets Committee meeting is anticipated to result in a 25-50 basis point cut, which may have limited impact on Bitcoin prices, given the macroeconomic uncertainties as 2025 approaches. Investors are keen on whether Trump's administration will implement measures such as a strategic Bitcoin reserve and changes at the SEC to enhance the crypto market.

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