Bitcoin cools after 65% rise. WOO Network predicts that the BTC price will reach $75,000 in early 2024.

The largest cryptocurrency by market capitalization has recovered to $40,000 after a 10% plunge on Monday, sparking heavily leveraged bets for higher prices. A dovish Federal Reserve rate cut and a falling U.S. dollar supported the recovery, but it lost steam by Friday and BTC fell back to $41,500.