The Nasdaq Composite and Bitcoin experienced a rally during Christmas Eve and Christmas Day, but a pullback later in the week threatens to disrupt the Santa rally. Bitcoin's price was down over 2% for the week, while Ethereum managed to see a 1.5% daily gain due to market price gains on Friday and Saturday. Some cryptocurrencies, such as BNB, Solana, and Toncoin, saw positive gains for the week. However, others like Fantom, Ethena, and Ondo experienced significant selloffs. The cooling off of both crypto assets and equities can be attributed to already steep valuations and a Bitcoin miner selloff. The correlation between BTC and Nasdaq stocks has also been increasing. The year still has three days left, so it remains to be seen how markets will move next.



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