The price of Bitcoin (BTC) dropped by 4% after the Christmas holiday, causing the market capitalization of Bitcoin to lose the major figure of $2 trillion. This decline reflects the weakness of major digital assets in the current market environment. The end of December, being the end of the quarter, month, and year, is a time when traders and investors close positions and take a break. Bitcoin's increasing correlation with traditional financial markets, due to the launch of spot Bitcoin ETFs in the US, means that trends in traditional markets like the S&P 500 will directly impact the cryptocurrency market. Bitcoin's 24/7 trading may not be an advantage in this case. The local bottom for Bitcoin's price is uncertain, with a recent high of $108,353 and a potential gap at $77,000 per BTC on the CME causing concern among traders.



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