Bitcoin showed a brief rally on Christmas before falling to the $95,000 range.
According to CoinMarketCap, a global cryptocurrency market data provider, Bitcoin is trading at $95,631 as of 7:40 a.m. on the 27th. This reflects a 3.22% decrease from the previous day. After rising to $99,800 on December 25, Christmas, Bitcoin fell to the $95,000 range the following day.
Bitcoin reached its all-time high of $108,300 on the 17th but plummeted after the Federal Reserve's ‘gradual pace’ policy on interest rate cuts was announced, dropping to just above $92,000 on the 20th.
Bitcoin, which rose to the all-time high of $108,300 on the 17th, has been experiencing fluctuations since the Federal Reserve's announcement on the 18th regarding its policy of not holding Bitcoin.
Bloomberg reported that the expiration of large-scale Bitcoin and Ethereum-related derivative contracts could increase volatility in Bitcoin prices toward the end of the year. Sean McNulty, trading director at cryptocurrency liquidity provider Avalos Markets, noted that 'selling movements related to Bitcoin options pricing may occur, leading to potential fluctuations in the cryptocurrency market at year-end.'