#CryptoCircle##Blockchain##Christmas#

Market Sentiment: Santiment reports that there has been a severe FUD vortex on social media, with low market sentiment and fear spreading. Although the cryptocurrency Fear and Greed Index is currently still in the “Greed” zone, the complexity of market sentiment may still affect Bitcoin prices. However, there are rumors of a “Santa Claus rally” appearing.

Bitcoin has fallen to the 50-day moving average, and some see this as a reason to be cautious. Its Relative Strength Index is at 44, below the neutral 50 mark, indicating bearish sentiment.

From a historical perspective: According to CoinGecko data, Bitcoin rose by 4.05% before Christmas in 2023 and by 3.64% after Christmas. From December 1, 2023, to December 24, 2023, the Bitcoin to USD exchange rate increased by 15.93%, marking the seventh-largest December gain since 2010.