Bitcoin sees brief rebound to $99,000 on Christmas day
Summary
Bitcoin surged past $99,000 on Christmas, driven by renewed market optimism, gaining over 5% in 24 hours from a weekly low of $92,973. It was trading at $98,000, indicating a brief rebound. Altcoins like Ethereum, XRP, and Solana also rose over 4%, boosting the global crypto market cap by 3.5% to $3.44 trillion. The Crypto Fear and Greed Index increased to 73, indicating "Greed." Santiment noted that market rebounds often follow retail sell-offs, allowing larger investors to accumulate assets. Over $290 million was liquidated in 24 hours, with short positions suffering the most.
