Bitcoin experienced a significant drop in its price during the holiday season, dropping below the $93,000 mark to reach as low as $92,941 per coin. This price movement reflected a decrease in interest or activity from the U.S. as the festive period took precedence.
The cryptocurrency market reported a general downturn at the same time, with a broader decline of 1.61%, while Bitcoin itself saw a 1.42% fall in just 24 hours. Furthermore, data from Cryptoquant indicated a drop in Bitcoin’s sell-side liquidity, plunging to its lowest in 6.6 months.
