#ReboundRally
1️⃣. Bitcoin's December 2024 Price Drop
Bitcoin hit its lowest December price of $92,442 on December 23, marking a 14.5% drop from its peak of $107,600 on December 17, surprising investors expecting a holiday rally.
2️⃣. Disappointment in Historical Trends:
Historically, Bitcoin has shown gains during the holiday season, notably in 2016 and 2020, but this year failed to replicate that trend, challenging investor expectations.
3️⃣. Weekly Decline: Bitcoin recorded an 11% decline for the week ending December 24, with prices briefly recovering to $95,000 before falling again to $94,000.
4️⃣. Market Volatility:
The underperformance is attributed to persistent market volatility and broader economic uncertainties impacting investor confidence.
