Bitcoin Drops in December: No Holiday Rally
Bitcoin fell to $92,440 on December 23, down 14.7% from its $108,000 high on December 17. It briefly hit $95,000 but slipped back to $94,000, losing 11.2% in a week.
Traders hoped for a year-end rally, but this mid-cycle slump reflects market trends. Some remain optimistic for recovery heading into 2025.