According to a report by CoinDesk, as most parts of the world celebrate Christmas, BTC fell below $93,000 on the eve of the holiday, before quietly returning to the $100,000 level. However, on Thursday morning when the Asian market opened, the upward trend stagnated at just over $99,800, and it quickly fell to around $95,000 within a few hours.
Data shows that the price trend of cryptocurrencies over the past 48 hours has certainly been under very low trading volume, and BTC has more than doubled in value so far this year, but the decline over the past week may have overlooked the fact that the tailwind of low interest rates may have become a headwind.
