According to Bloomberg, this cryptocurrency was unable to sustain the "Santa Claus rally" observed in the U.S. stock markets. Nevertheless, some investors still hope for Bitcoin's growth, as evidenced by futures data.
During today's trading, the Bitcoin price peaked at $90,378.3. However, by 3:44 PM Moscow time, a decline began, and the value of the cryptocurrency was around $87,313, marking a decrease of 0.6 percent.
According to Sebastian Bea, the Chief Investment Officer of the cryptocurrency treasury company ReserveOne, the rise in Bitcoin is largely driven by the activity of retail traders who are increasing their positions in futures. According to CryptoQuant, the funding rate for Bitcoin reached its highest level since October 18. This is one of the key indicators of sentiment in the cryptocurrency market and indicates expectations of growth among investors, Bloomberg notes.
