Bitcoin (BTC) experienced bearish trading as it briefly fell below $92,000, but later recovered to over $92,800. Some traders believe this downward price action will continue until February, when the new U.S. president takes office and implements policies that could impact the market. Traders are also betting on bitcoin prices rising in March, as evidenced by an increase in call options. BTC is on track to end December with a 4% decrease, its worst performance since 2021. Bitcoin development company MicroStrategy continued to increase its BTC holdings, but this news did not prevent losses in BTC prices. Other major cryptocurrencies, such as ether (ETH), XRP, Solana's SOL, and Cardano's ADA, also experienced declines. Exchange-traded funds (ETFs) holding bitcoin saw significant outflows, suggesting a more cautious or bearish outlook on the cryptocurrency's short-term performance.



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