#ReboundRally
Bitcoin ‘Santa rally’ buyers step in to drive BTC price to $98K
Bitcoin (BTC) passed $98,000 after the Dec. 24 Wall Street open as “large spot buyers” lifted deflated BTC price action.
Santa rally talk returns as BTC price gains $5,000
Data from Cointelegraph Markets Pro and TradingView showed
BTCUSD
hitting new local highs of $98,020 on Bitstamp.
Up by more than 3% on the day, Bitcoin attracted fresh bids after a shaky start to the week saw a retest of December lows.
Commenting on the latest moves, popular X account Exitpump was among the optimists hoping that a “Santa rally” may have come for crypto after all.
“BTC Large spot buyers showing up, lfg,” a post stated alongside a chart showing exchange order-book volumes.
