The Bitcoin market faces challenges at the end of the year! After a record-breaking year, Bitcoin's rally has slowed in the last few days, with investors closely watching whether President-elect Trump's support for cryptocurrencies can continue to provide momentum. As of Friday's European market opening, Bitcoin's price hovered around $96,200, partially recovering from nearly a 3% drop the previous day.

Meanwhile, other digital currencies like Ethereum and Dogecoin fluctuated within a narrow range, reflecting cautious market sentiment. In the four trading days leading up to December 24, the U.S. Bitcoin spot ETF experienced an outflow of $1.5 billion, the largest single-week outflow since Trump's election victory, indicating significant market sentiment volatility.

Bitcoin faces the risk of a monthly decline in December, which would be its first monthly drop in over four months. Although it reached an all-time high of $108,316 on December 17, it subsequently retreated, highlighting market uncertainty. Investors need to continue monitoring on-chain data and market dynamics to respond to potential price fluctuations.