Bitcoin's Christmas rebound breaks $98,000, with hope for a new round of market activity

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After a pullback before Christmas, Bitcoin (BTC) finally experienced a rebound, breaking the $98,000 mark, providing a 'green Christmas gift' for global Bitcoin bulls.

On December 24, as Wall Street opened, Bitcoin's price, driven by strong spot buying, broke through the psychological barrier of $98,000, peaking at $99,487.

TradingView data shows that Bitcoin set a new high of $98,020, refreshing recent trading records. With Bitcoin's price rising over $5,000, discussions about the Christmas rally in the market have heated up again, with investors beginning to focus on future trends.

Behind this rebound, strong buying in the spot market has played a decisive role. The well-known X account Exitpump expressed optimism in commenting on this trend, believing that Bitcoin might welcome a 'Christmas rebound.' He stated: 'A large number of BTC spot buyers are emerging, LFG.