#ReboundRally
Cryptocurrencies: Bitcoin advances in Christmas rally and approaches US$ 100,000
Bitcoin was trading higher this Tuesday, the 24th, after losing strength in recent days, in a movement that is attributed to the so-called “Santa Rally”, which also occurs in risk assets in the traditional market at this time of year.
Bitcoin rose 5.29%, to US$ 97,958.47 in the last 24 hours until 4:50 pm (Brasília time), according to Binance. And Ethereum advanced 4.34%, to US$ 3,479.77, in the same interval.
Bitcoin remains below the US$ 100,000 level, but some analysts expect the retreat to be brief, with the next target at US$ 150,000.
The year 2025 is likely to be a defining year for cryptocurrencies, as US President-elect Donald Trump’s pro-crypto stance has already boosted prices significantly. Any developments in Trump’s promise to create a strategic bitcoin reserve or the Senate’s approval of crypto-friendly appointments are likely to move prices.
