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Analysis: BTC is facing the risk of a monthly line decline in December
Odaily Planet Daily News: In a record-breaking year, BTC's upward momentum has slowed down in the last few days of the year, and investors are evaluating the remaining momentum brought by President-elect Donald Trump's support for the cryptocurrency industry. As of Friday's European session, BTC was running around $96,200, recovering some of yesterday's nearly 3% decline. Digital currencies such as Ethereum and Dogecoin are fluctuating within a narrow range. In the four trading days leading up to December 24, investors withdrew a net of $1.5 billion from more than a dozen U.S. Spot BTC ETFs, marking the largest outflow of funds since November 5 when Trump won the U.S. presidential election. According to data compiled by foreign media, BTC is facing the risk of a monthly decline in December, which would be its first monthly decline in over four months. BTC hit a record high of $108,316 on December 17 and has since fallen back. (Jinse)