Bitcoin cannot exceed $100,000, altcoins turn downward

● The Bitcoin camp continues to strive to push the price back to the psychological threshold of $100,000, but has not succeeded so far.

● The Asia-Pacific market opened higher on Thursday compared to the previous day, with some markets still closed after Christmas.

● The Japanese Nikkei 225 index rose by 0.44%, and the Topix index increased by 0.49%, on a day following a report that the country is preparing a record new fiscal year budget of $735 billion. According to a draft reviewed by Reuters, the budget will include social security spending and increasing debt repayments.

● Additionally, on Wednesday, Bank of Japan Governor Kazuo Ueda stated, "The Japanese economy will be closer to the 2% sustained stable inflation target by 2025, accompanied by rising wages."

● The yield on Japan's 10-year government bonds rose by 1.3 basis points to 1.078%, while the yen strengthened against the dollar to 157.16, indicating market expectations that the bank may raise interest rates.

● The South Korean Kospi index rose slightly by 0.12%, while the Kosdaq index increased by 0.48%.

● The markets in Australia, New Zealand, and Hong Kong are closed during the post-Christmas holiday.

● The Chinese government stated on Wednesday that it will continue to stabilize and curb the decline of the Chinese real estate market in 2025. Measures will include controlling the supply of commercial housing to optimize supply.

● In the United States, the market is closed during the Christmas holiday. The stock market has been rising consecutively during the holiday week. The S&P 500 index rose 1.1% to 6,040.04 points, the Dow Jones Industrial Average increased by 390.08 points, or 0.91%, to 43,297.03 points. The Nasdaq Composite Index rose 1.35% to 20,031.13 points, benefiting from a 7.4% increase in Tesla's stock price.

● Tuesday marked the beginning of the Santa Claus seasonal rally, which will continue through the last five trading days of the year and the first two days of January.

● Bitcoin is struggling to return to the $100,000 mark, having previously dropped significantly below that level on December 19.

● Yesterday, bulls pushed the price close to the six-figure mark, reaching a local high of $99,569, rising for the second consecutive trading day, but the major asset has yet to return to the psychological threshold.

● The altcoin market fell yesterday.

● Ethereum (ETH) continued to hover below $3,500. Bulls attempted to push the price above $3,500, reaching a local high of $3,547. However, selling pressure caused ETH to fall below that level again.