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Bitcoin sees brief rebound to $99,000 on Christmas day

Holiday excitement lifted Bitcoin past $99,000, but it quickly corrected to $98,000 where it still holds strong support.

CryptoSlate

Dec 25

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Happy Wednesday!

Bitcoin's festive spirit shines bright this Christmas, briefly surpassing the $99,000 mark before settling at $98,000, showcasing strong support amidst holiday excitement. Meanwhile, the NFT market is thriving as the top 10 collections outpace fungible tokens in weekly returns, despite still being far from their all-time highs. In the DeFi space, Aave and Lido have crossed the $70 billion milestone in net deposits, solidifying their positions as leaders in total value locked and revenue generation. Additionally, a surge of Gen Z crypto users has emerged following Trump's election victory, driven by his pro-Bitcoin stance and favorable market conditions. Stay tuned for more insights and developments in the crypto world!

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The global crypto market cap is $3.43 trillion, with a 24-hour volume of $128.55 billion. The price of Bitcoin is $98,509.17, and BTC market dominance is 56.9%. The price of Ethereum is $3,470.81, and ETH market dominance is 12.2%. The Crypto Fear & Greed Index is currently Greed (73).