☃️🪙#BTC90kChristmas 🪙☃️
☃️Bitcoin's Christmas Miracle!☃️
🪙 In November 2024, Bitcoin surged past $90,000 for the first time, peaking briefly at over $90,100 on exchanges like Coinbase amid post-election euphoria following Donald Trump's victory. This marked a pivotal milestone, with BTC climbing from around $70,000 pre-election to six figures by early December, breaking $100,000 on December 5.
🪙 The rally was fueled by institutional inflows into spot Bitcoin ETFs, optimism over pro-crypto policies, and reduced selling pressure post-halving. By mid-December, BTC touched highs near $108,000, delivering a festive gift to holders.
🪙 However, the anticipated "Santa Claus rally" faltered late in the month. After peaking, profit-taking and low holiday liquidity pulled prices back, with Bitcoin consolidating around $93,000–$94,000 by Christmas Eve and closing the year near $93,429 on December 31 a solid but not explosive finish after the early breakout.
🪙 Reaching $90K symbolized Bitcoin's maturation: from niche asset to mainstream powerhouse, backed by Wall Street and political tailwinds. It surpassed silver in market value and solidified BTC's role in portfolios.
🪙 Yet volatility reminded investors of crypto's risks no guaranteed perpetual pumps. For 2024 holders, crossing $90K before Christmas was the real present, capping a year of over 100% gains from January lows.
🪙 As cycles evolve, Bitcoin's trajectory points higher long-term, but timing peaks remains elusive.
HODLers celebrated anyway.
