With the impending inauguration of Donald Trump, the crypto market is waiting to see the specifics of the new administration’s crypto policies and indications of how fast the new administration will move on removing impediments to the growth of the crypto industry. The macro environment is providing headwinds with inflationary pressures in most Western economies and sharp rises in bond yields. Optimism is growing around central bank Bitcoin reserves as more countries, as well as state and local governments, advance proposals and bills.
Despite a small rebound at month-end, December 2024 ended in negative territory. Bitcoin outperformed, falling only 3.1 percent, while Ether dropped -10.15 percent, and Solana -20.4 percent. The overall market was down -5.6 percent for the month.
The Sygnum Monthly Investment Outlook is available to qualified investors. For additional insights on the digital asset markets, find more updates here.
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