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[Market Update] End of the Santa Rally?…Bitcoin Returns to $97,000 Level

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YM Lee
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  • Bitcoin (BTC) is showing a bearish trend, falling 1.07% to $96,800.
  • It was reported that breaking through the $100,000 mark has become difficult as buying pressure has weakened.
  • The Kimchi Premium between domestic and foreign exchanges remains in the 1-2% range, indicating a lull in the market.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Bitcoin (BTC), which was on an upward trend recovering to the $99,000 level on Christmas, is showing a bearish trend today.

On the 26th (local time), Bitcoin (BTC) is trading at around $96,800 on the global cryptocurrency exchange Binance, down 1.07% from the previous day.

Bitcoin had been approaching the $100,000 mark, recovering to the $99,000 level due to the announcement of Russia's support for external trade settlements and expectations from the Trump Administration, but is now showing a downward trend as buying pressure has weakened.

The Kimchi Premium, the price difference between domestic and overseas cryptocurrency exchanges, remains in the 1-2% range. Bitcoin (BTC)'s Kimchi Premium is currently at 2.11%, and Ethereum is at 1.95%. The market as a whole is in a lull.

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