Market Trends - Bitcoin price surged to $90,000, then experienced a significant decline [1] Sentiment - Santa Rally hopes are diminishing [1]

A brief Bitcoin rally to $90,000 early Wednesday sure seemed like a nice confirmation of an incoming Santa rally—but then it took a naughty turn to nearly $85,000. Users on Myriad, a prediction market platform owned by Decrypt parent company Dastan, have started losing faith that BTC will see six figures before it falls to $69,000. Just a day ago, participants in the market thought there was a 69% chance Bitcoin would reclaim $100,000, but that's dropped to 57% as of this writing. And odds of a Santa rall ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin (CRYPTO: BTC) has broken below the psychological $90,000 level, marking a break from its consolidation range that signals increased pressure on leveraged positions. What Happened: In a recent podcast, prominent analyst Trader Mayne described the breakdown from the triangle apex as a decisive short-term development. While the broader "Santa Rally" narrative remains intact on higher timeframes, he wa ...

Market Sentiment - The market anticipates a potential Santa Claus rally for Christmas [1]

Market Trends - Stocks typically bottom on December 15th and rally for the rest of the year [1] - Bitcoin also formed a bottom on December 15th [1]

aslysun / Shutterstock.com Quick Read BTC rangebound trading continues Big macro week could create catalyst If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to realize they can retire earlier than expected. take 5 minutes to learn more here As we hit the halfway mark in December, crypto continues its rangebound trading, disappointing many who expected a Santa Rally going into the end of the year. Leading crypto BTC has repeatedly tes ...

The so-called "Santa Rally" for Wall Street isn't getting off the ground. One financial analyst predicted a holiday-themed rally once the Federal Reserve slashed interest rates by another quarter-point in December. However, fresh fears about a bubble in the growing AI sector is dampening enthusiasm in the stock market, he said. "It’s starting to look a lot like Christmas," Kyle Rodda, a senior financial market analyst for Capital.com, said in an investor note. "But despite that, the Santa Rally hasn’t r ...

Market Overview - The Australian stock market (ASX) is expected to end the week on a positive note, with futures up by 1% as of Friday morning [1] - The S&P 500 and Dow Jones indices closed higher, with increases of 0.2% and 1.3% respectively, while the Nasdaq composite fell by 0.25% [3] Company News - BHG Capital is speculated to be preparing a takeover offer for Webjet Ltd (ASX:WEB), motivated by the company's cash reserves of $110 million [4] - The Australian Competition and Consumer Commission (ACCC) has rejected Insurance Australia Group's (ASX:IAG) proposal to acquire the Royal Automobile Club of Western Australia for $855 million [4] - Dexus (ASX:DXS) has completed the acquisition of Westfield Chermside for $683 million [4] Mining Sector - Black Cat Syndicate (ASX:BC8) is acquiring strategic tenements near Lakewood, while GreenX Metals (ASX:GRX) has activated an option to acquire 90% of Group 11, which holds several Tannenberg licenses, providing significant potential in Germany [5] Commodity Prices - The Australian dollar is trading at 66.6 U.S. cents [6] - Iron ore prices decreased by 1% to $101.75 per tonne, Brent crude oil fell by 1% to $61.56 per barrel, and gold is priced at $4,282 per ounce [6]

Odds of a crypto Santa Rally are down to 18% on MyriadAfter yesterday's post-rate cut tumble https://t.co/uqsRV3tfmG ...

RT Naga Avan-Nomayo (@JeSuisNaga)Will Bitcoin and crypto see a "Santa Rally" this holiday?Probably not, according to the analysts.U.S. spot #Bitcoin ETFs drew $224M in net inflows, but price still buckled post-FOMC.BTC touched $94.5k, then reversed to $90k as the tone from Fed Chair Jerome Powell leaned hawkish.Seven of eight Fed meetings this year have ended with BTC dropping.Bottom line: the macro overhang is still very much present.Full breakdown on The Block (link below) ...