Bitcoin fails to reach 100,000; altcoins decline

The Bitcoin camp aims to push the price back to the psychological barrier of 100,000 dollars, but has not succeeded so far.

The Asia-Pacific market opened higher on Thursday, with some markets still closed after Christmas. The Japanese stock market rose, with the Nikkei 225 up 0.44% and Topix up 0.49%, as the country plans to push a massive new fiscal budget.

The yield on 10-year Japanese government bonds rose 1.3 basis points to 1.078%, and the yen strengthened against the dollar as the market anticipates interest rate hikes. The Korean Kospi rose slightly by 0.12%, while the Kosdaq increased by 0.48%. The Australian and New Zealand markets are closed.

China stated it will stabilize the decline in real estate by 2025 and optimize housing supply.

The U.S. market was closed for Christmas, and the stock market rose consecutively before the holiday, with the S&P 500 up 1.1%, the Dow Jones up 0.91%, the Nasdaq up 1.35%, and Tesla rising by 7.4%.

The price increase for the Christmas season has begun, with Bitcoin aiming to return to 100,000. After dropping below that level on December 19, bulls pushed the price up to 99,569 dollars yesterday but still failed to surpass the key level.

Altcoins fell yesterday, with Ethereum hovering below 3,500 dollars, experiencing a sell-off after reaching a peak of 3,547 dollars.

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