The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
By the end of 2024, Bitcoin's record-breaking rally had slowed, resulting in its first monthly decline since August. In December 2024, the digital asset dropped by 3.2% as U.S. investors cashed in profits after a rally driven by the victory of President-elect Donald Trump, which had pushed Bitcoin to a historic high of $108,315 in mid-December.
The feverish speculation in the cryptocurrency market subsided as expectations of interest rate cuts by the Federal Reserve weakened, dampening appetite for riskier assets. According to Bloomberg data, a group of U.S.-based Bitcoin exchange-traded funds saw net outflows of $1.8 billion as of December 19. Open interest—unsettled contracts—on Bitcoin futures listed on the Chicago CME Group Inc., considered a measure of U.S. institutional interest, also fell by nearly 20% from its December peak.
Nevertheless, Bitcoin still gained 120% over 2024, outperforming global equities and gold.
In a client note from QCP Capital, a digital asset trading firm, they wrote: "Despite the strong optimism surrounding crypto-friendly regulations following Trump's inauguration, we believe January will be the key month. That's when institutions adjust their asset allocations." With Bitcoin already being widely adopted by institutions—including university endowment funds added to the list this year—the inflow of investments is expected to grow, strengthening Bitcoin's dominance, stabilizing price movements, and aligning its volatility dynamics closer to equities.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
