It's December 26, the day after Christmas, and to put it mildly, the holiday spirit is short-lived – for the cryptocurrency market in particular. Once the global holiday is over, Bitcoin price The index began to decline, falling as much as 4% during today's trading session.

As a result, the prices of the leading cryptocurrency reached $95,200, but what is more worrying is the loss of the key figure of $2 trillion from Bitcoin’s market cap. This is not the first time this has happened recently, but again, this points to the vulnerability of major digital assets in the current market environment.

The reason may be that December is the end of the quarter, the end of the month and the end of the year. This is the time when traders and investors close their positions, say goodbye and return after the holiday.

Taking into account that this year, Bitcoin Becoming more connected to traditional financial markets than ever before, primarily due to the launch of spot bitcoin ETFs in the US, typical trends for the S&P 500, for example, will directly impact the cryptocurrency market.

In this case, the fact that Bitcoin is traded 24/7 without days off does not seem to be an advantage, but rather the opposite.

It remains to be seen where the major cryptocurrency will find its local bottom. Most recently, after reaching a new all-time high of $108,353 per dollar Bitcoin On Binance, the price of Bitcoin fell to a maximum of $92,300. There is also an open gap of about $77,000 per bitcoin on the Chicago Mercantile Exchange that has not been closed following the November events, which also serves as a worrying benchmark for cryptocurrency traders.