Editor's PiCK
[Market Update] End of the Santa Rally?…Bitcoin Returns to $97,000 Level
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Summary
- Bitcoin (BTC) is showing a bearish trend, falling 1.07% to $96,800.
- It was reported that breaking through the $100,000 mark has become difficult as buying pressure has weakened.
- The Kimchi Premium between domestic and foreign exchanges remains in the 1-2% range, indicating a lull in the market.
Bitcoin (BTC), which was on an upward trend recovering to the $99,000 level on Christmas, is showing a bearish trend today.
On the 26th (local time), Bitcoin (BTC) is trading at around $96,800 on the global cryptocurrency exchange Binance, down 1.07% from the previous day.
Bitcoin had been approaching the $100,000 mark, recovering to the $99,000 level due to the announcement of Russia's support for external trade settlements and expectations from the Trump Administration, but is now showing a downward trend as buying pressure has weakened.
The Kimchi Premium, the price difference between domestic and overseas cryptocurrency exchanges, remains in the 1-2% range. Bitcoin (BTC)'s Kimchi Premium is currently at 2.11%, and Ethereum is at 1.95%. The market as a whole is in a lull.
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