[Market Update] The end of Santa’s walk?…Bitcoin returns to the $97,000 level
![[Market Update] The end of Santa's walk?...Bitcoin returns to the $97,000 level](https://cryptify.ws/wp-content/uploads/2024/12/Market-Update-The-end-of-Santas-walkBitcoin-returns-to-the-780x470.webp "[Market Update] The end of Santa's walk?...Bitcoin returns to the $97,000 level 1")
Bitcoin (BTC), which was in an upward trend and recovered to the $99,000 level on Christmas, is showing a downtrend today.
On the 26th (local time), Bitcoin (BTC) is trading at around $96,800 on global cryptocurrency exchange Binance, down 1.07% from the previous day.
Bitcoin was approaching the $100,000 mark, rebounded to the $99,000 level due to Russia’s announcement of support for foreign trade settlements and the Trump administration’s expectations, but is now showing a downtrend with weak buying pressure.
Kimchi Premium, which is the price difference between domestic and offshore cryptocurrency exchanges, remains in the 1-2% range. The Kimchi Premium for Bitcoin (BTC) is currently at 2.11%, and Ethereum is at 1.95%. The market as a whole is calm.
https://media.bloomingbit.io/prod/news/fa312024-353c-4c43-b04f-6c3127f65d8f.webp
