During the Christmas period of 2024, the cryptocurrency market experienced some notable shifts.
Bitcoin (BTC) dropped from about $106,000 on December 17 to nearly $98,695 by December 25. Similarly, Ethereum (ETH) fell from approximately $3,886 to $3,493 in the same timeframe. These movements reflected broader market concerns, influenced partly by the Federal Reserve’s hints that interest rate cuts may pause in 2025, which impacted investor sentiment.
Despite these short-term dips, the overall crypto market retained a capitalization above $3 trillion, underscoring strong interest from investors. As of December 26, Bitcoin’s price was around $99,344, showing slight recovery, while Ethereum remained steady at $3,493. Other leading cryptocurrencies, such as BNB, XRP, and Cardano (ADA), experienced similar trends during the holiday season.
So, based on that, i understand that the Xmas miracle was the ability that many people experienced and the patience they to wait during this last down and to achieve valuable profits in a close future.
Following the current trend of countries initiative of creating Bitcoin founds, in the past days an important decision was made and will impact the volume of Bitcoin marketcap.
Six mutual funds tracking Bitcoin prices will be launched in Israel on December 31, following approval from the Israel Securities Authority.
This milestone comes after more than two years of lobbying efforts by local financial institutions. The funds employ various strategies: some are linked to BlackRock’s spot Bitcoin ETF, while others track indices such as those from S&P or the Chicago Exchange.
This approval comes nearly a year after the U.S. SEC authorized 11 spot Bitcoin ETFs, which have already amassed over $110 billion in assets.
This is only one of the indicators of a rise on BTC in the beginning of 2025 and must help to confirm some predictions about the price that this crypto will reach.
$SHIB In the middle of the month, Shiba had a severe down and retested the critical support level of $0.000020. After some news of Shiba burn in the beginning of the month, some players were bullish about the coin and had profound losses. Despite all the loss, based on the last margins, it’s possible to see changes on it’s graphics that shows that the downtrend is likely to end. Like every other crypto, it’s not possible to predict exactly what’s gonna happen in further weeks, but, as mentioned, it could possible test a new and higher resistance level in a couple of weeks. So, considering Shiba current value, maybe some profits could arise from this possible “late altseason”.
Considering that MicroStrategy Inc. announced a special shareholder meeting Monday to vote on proposals to support a $42 billion Bitcoin purchase plan, a value increase could be expected in the beginning of the year.
After beating the 92k level of resistance, Bitcoin recovered 4,13% in it’s price during Christmas and probably will test again higher tops in a few days.
It’s important to mention that declines like we saw in December 20th are normal during bull markets. However, based on possible future influx of buying like the one mentioned above, we could expect a profit scenario for BTC from now on.