As the US stocks continue to fall, BTC tests 91K. Did Santa Claus go on vacation too?

Technology stocks are weak, and the U.S. stock market has fallen for the third consecutive day. The atmosphere of profit-taking at the end of the year is strong. MicroStrategy announced another purchase of Bitcoin. BTC fell to $91,530 yesterday and seems to be taking a Christmas and New Year holiday recently.

Technology stocks lead the decline, with a strong atmosphere of profit-taking at the end of the year.

After the Chicago Purchasing Managers' Index unexpectedly fell, US bond yields further declined, with the 10-year Treasury yield hovering around 4.53%. Monday's data also showed that US housing inventory continued to grow for the fourth consecutive month in November, reaching its highest level since early 2023.

This year's so-called 'Big Seven' US technology giants have driven the S&P 500 index up by more than 20%, which has also made some people worry that the rise is too concentrated in a small number of companies. However, few people believe that the momentum will end here. None of the 19 strategists tracked by Bloomberg think that the S&P 500 index will fall next year.

Kohle Capital Markets Pty Chief Market Analyst Tim Waterer said: "As we head towards the year-end, there is a sense of unease, partly due to the uncertainty surrounding how the international trade landscape may shape up in 2025."

New York Stock Exchange, NASDAQ, and Chicago Options Exchange will be closed on January 9 to commemorate the passing of the 39th President of the United States, Jimmy Carter, on Sunday.

(The New York Stock Exchange will be closed on January 9 to mourn former President Jimmy Carter)

MicroStrategy buys BTC again

MicroStrategy announced that it has purchased 2,138 BTC between December 23 and December 29, 2024, with a total transaction amount of 209 million US dollars. This acquisition brings its total BTC holdings to an astonishing 446,400, with a total purchase price of approximately 27.9 billion US dollars.

(MicroStrategy buys another 2,138 BTC! MicroStrategy's Q4 and full-year BTC investment performance is impressive)

BTC once fell to 91K

BTC fell to $91,530 yesterday and seems to have started the Christmas and New Year holiday. According to the long-term holder percentage chart of BTC and Ethereum shared by the on-chain data analysis platform IntoTheBlock, the proportion of long-term BTC holders has declined, but the proportion of long-term ETH holders has increased.

However, this may also be due to BTC frequently reaching new highs this year, leading some long-term holders to take partial profits. The trend of Ethereum, on the other hand, remains relatively weak and has not yet surpassed its historical high.

This article, the US stock market continues to fall, BTC probes 91K, has Santa Claus gone on vacation too? First appeared on Chain News ABMedia.