Bitcoin experienced a rollercoaster market during the holidays🎢. According to CoinDesk, as much of the world celebrated Christmas, the price of Bitcoin fell below $93,000 on the eve of the holiday, before quietly returning to the $100,000 level. However, when the Asian markets opened on Thursday morning, Bitcoin's rally stalled just above $99,800, and then quickly dropped to around $95,000.
Data shows that the price fluctuations over the past 48 hours occurred under very low trading volumes📉. Nevertheless, Bitcoin has still risen more than double this year📈. However, the recent decline over the past week may reflect the market's reaction to changes in the low-interest-rate environment. Market participants may need to pay attention to these macroeconomic factors and their potential impact on the cryptocurrency market.