ChainCatcher news, according to Coindesk, the cryptocurrency market often experiences cyclical changes, with Bitcoin leading the rise first, followed by altcoins. Investors seek additional returns using newly gained market profits, leading to capital flowing into altcoins, which triggers a sharp rebound in a short period of time.

Currently, Bitcoin is experiencing one of its worst Decembers to date, dimming the seasonal bull market period, having fallen 2% in the past 30 days. Due to profit-taking and cautious sentiment after weeks of price fluctuations, hopes for a 'Christmas rally' (a phenomenon where assets tend to rise during Christmas week) may have been shattered.

Some warn that as the Federal Reserve hints at reducing the number of interest rate cuts next year and emphasizes that it is not seeking a national Bitcoin reserve, Bitcoin may face further declines.