Analysis: Bitcoin is facing the risk of a monthly closing decline in December

2024-12-27 20:18:06

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ChainCatcher news, according to Jinshi reports, in a record-breaking year, Bitcoin's momentum has slowed in the last few days of the year as investors assess the remaining momentum brought by President-elect Donald Trump's support for the cryptocurrency sector. As of Friday before the European market opened, Bitcoin was trading around $96,200, recovering part of the nearly 3% decline from the previous day. Digital currencies like Ethereum and Dogecoin fluctuated within a narrow range.

In the four trading days ending December 24, investors withdrew a net $1.5 billion from a dozen U.S. Bitcoin spot ETFs, marking the largest outflow since Trump won the U.S. election on November 5. According to data compiled by foreign media, Bitcoin is facing the risk of a monthly decline in December, which would be its first monthly drop in over four months. Bitcoin reached a record high of $108,316 on December 17 before retreating.

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