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#ReboundRally Bitcoin Surges Past $99,000 on Christmas Day, Sparking Market Optimism Bitcoin experienced a significant surge on Christmas Day, climbing past $99,000 and reigniting optimism within the cryptocurrency market. This upward movement followed a period of decline, with Bitcoin recovering from a weekly low of $92,973. Market Overview According to CryptoSlate's data, Bitcoin gained over 5% in a 24-hour period. However, this rebound proved to be short-lived, with Bitcoin trading at $98,000 at the time of writing. Despite this slight pullback, the overall market sentiment remained positive. Altcoins, including Ethereum, XRP, and Solana, also saw gains of over 4%, contributing to the overall market recovery. This collective upward movement pushed the global cryptocurrency market capitalization up by 3.5% to $3.44 trillion. Market Sentiment and Analysis The Crypto Fear and Greed Index, a measure of market sentiment, rose to 73, indicating a state of "Greed." This suggests that investors were becoming increasingly optimistic about the market's future. This bullish trend aligns with forecasts from Santiment, a blockchain analytics firm. Santiment suggested that market rebounds often follow periods of panic-driven retail sell-offs. These sell-offs create opportunities for larger investors, known as "whales," to accumulate assets at lower prices. Liquidation and Volatility Despite the positive momentum, the market experienced significant turbulence. Data from CoinGlass revealed that over $290 million was liquidated in a 24-hour period, affecting 105,883 traders. Short positions, bets that the price of an asset will decline, accounted for the majority of these losses, with $162 million liquidated as Bitcoin's price rose. Bitcoin traders experienced the largest share of liquidations, with $78 million lost, followed by Ethereum traders, who saw $51 million liquidated. A single large liquidation occurred on Okx, involving a $6.9 million ETH-USDT transaction, highlighting the market's inherent volatility..

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Defying the Dip: Why This Crypto Expert Is Doubling Down on Bitcoin!!

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#CorePCESignalsShift US November Core PCE Rises 2.8% YoY, Below Expectations; Bitcoin Recovers to 95K: Recent data from the United States shows a slight easing of inflation, which has had a positive impact on the price of Bitcoin. On December 20th, the U.S. Bureau of Economic Analysis (BEA) released its report on the Core Personal Consumption Expenditures (PCE) price index for November.1 This index, which measures changes in the prices of goods and services purchased by consumers, rose 2.8% compared to the same time last year.2 This was slightly lower than the 2.9% increase economists had predicted.3 The Core PCE is a particularly important economic indicator for the Federal Reserve (Fed).4 It excludes volatile food and energy prices, providing a clearer picture of underlying inflation trends.5 The Fed uses this data to inform its decisions on monetary policy, including setting interest rates.6 Because the Core PCE came in below expectations, some investors believe the Fed may be less likely to aggressively raise interest rates or may maintain its current policy. This perception of potential monetary easing has boosted market sentiment, particularly for Bitcoin. Before the release of the inflation data, Bitcoin's price had dipped to around $93,000. However, immediately following the announcement, it saw a rapid increase, jumping to $95,000. This suggests that the slightly lower-than-expected inflation figure has instilled some confidence in the market, leading to increased buying activity for Bitcoin. Don't forget to drop a like and follow to get latest crypto news. #stayinformed $BTC #BTCNextMove #CorePCESignalsShift #MarketCorrectionBuyOrHODL?

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