On Christmas Eve, the U.S. stock market seemed to be driven by a mysterious force, soaring after the opening. Bitcoin (\u003cc-23/\u003e) also did not fall behind, jumping from the $94,000 level to the $99,000 mark, with an increase of up to 6%. It was truly impressive! Those who originally expected the market to fall (the bears) are likely to sigh in regret this time. Could it be that friends overseas are busy preparing 'New Year gifts,' and BTC, this 'digital gold,' has become their favorite? In any case, this wave of Bitcoin's rise is indeed exhilarating.
What will the market trend be during the Christmas period? Let's discuss it together! It should be emphasized that the following content only represents my personal views and is by no means investment advice; consider it just a topic for casual conversation.
In terms of Bitcoin, I think it may fluctuate in the range of $94,000 to $100,000. Although the current market sentiment is still slightly tense, the panic has eased somewhat. To break the current deadlock, it may require significant capital inflows to push it forward.
Looking at \u003cc-31/\u003e, it has performed steadily in the range of $670 to $710, with a strong rebound momentum. The latest BIO locking activity has attracted the attention of many investors, not only restoring the confidence of those scared off by altcoins but also drawing in friends who were cautious about the rebounds of BTC and ETH into the embrace of BNB. In the short term, BNB has undoubtedly become a safe haven for many investors.
As the leader of altcoins, Ethereum ($ETH) is even more impressive, leading a group of followers into battle. The entire market seems to be gradually warming up. I believe Ethereum may fluctuate in the range of $3,200 to $3,700, and its performance may even be more stable than Bitcoin. Last night, the large purchases of institutional ETFs further highlighted the optimism of institutional giants regarding Ethereum's future.
Here are some news updates worth noting:
1. According to data, the DEX trading volume on the Solana chain has exceeded $100 billion this month, with Pump.fun accounting for 62% of the Solana DEX trading volume in November, showing outstanding performance.
2. The circulation of Bitcoin has surpassed 19.8 million coins, while the number of Bitcoins left to be mined is less than 1.2 million. This data undoubtedly adds fuel to Bitcoin's scarcity.
3. Since Bitcoin first broke the $100,000 mark on December 5, Mt. Gox has been transferring a certain amount of BTC to B2C2 Group every day. So far, thousands of BTC have been transferred, totaling hundreds of millions of dollars in value. This move has attracted widespread market attention.