CandleFocus Bitcoin sees brief rebound to $99,000 on Christmas day
2024-12-25
Author: Content Editor
Bitcoin surged past $99,000 on Christmas day, showing a rebound from a weekly low of $92,973. This increase in price also led to gains for altcoins like Ethereum, XRP, and Solana. The rally in the crypto market lifted the global crypto market cap by 3.5% to $3.44 trillion. The Crypto Fear and Greed Index also climbed to 73, indicating a sentiment of "Greed." Blockchain analytics firm Santiment suggested that market rebounds often follow panic-driven sell-offs, allowing larger investors to accumulate discounted assets. However, there were also liquidations totaling over $290 million in the past 24 hours, impacting numerous traders. Bitcoin traders experienced the highest losses, followed by Ethereum traders. The overall market remains volatile.
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