Bitcoin’s Price Drop and the Missing Santa Claus Rally in 2024

Bitcoin’s been having a rough time lately. With its price dropping to $92,442, down 14.5% from its all-time high of $108,000, many are wondering if the much-expected “Santa Claus rally” will happen this year. While Bitcoin has shown some recovery to about $94,000, it’s still down over 11% in the last week. So, will the holiday season bring the boost we’re hoping for, or is this a sign of things to come?

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