Bitcoin unfortunately retreated again after breaking through 90,000 USD last night, falling back to the 88,000 USD range, while Ethereum needs to hold above 3,000 USD.
(Previous summary: Fidelity analyst: Bitcoin will have a “fallow year” in 2026, with a support range of $65,000 to $75,000)
(Background Information: Market share dropped from 80% to 20%, what happened to Hyperliquid?)
Bitcoin reached a high of $90,598 after 8 PM last night (22), but unfortunately, selling pressure emerged shortly after, and this morning it fell back to the $88,000 range, resulting in another double whammy for bulls and bears. The overall trend of Ethereum is similar, but the rebound is stronger, currently reported at $3,024 before the deadline.
Coinglass data shows that in the past 24 hours, there has been $210 million in liquidations, affecting approximately 81,000 people. Overall, this is not a very high figure, indicating that the current atmosphere among investors is one of caution.
The four major US stock indices closed higher.
U.S. stocks rose across the board on the first day of the shortened trading week before the Christmas holiday. The latest inflation data in the U.S. was lower than expected, strengthening the market's imagination for interest rate cuts next year, with funds clearly flowing back into technology and cyclical concept stocks.
AI is still a bullish engine. NVIDIA continues to play a key role, with reports in the market indicating that it has informed its Chinese customers that it aims to start shipping H200 chips in mid-February next year, before the Lunar New Year, enhancing confidence in the continued demand for AI servers. The memory sector is also strengthening simultaneously, with Micron benefiting from improved financial outlook and expectations of demand recovery, driving a rise in the overall semiconductor atmosphere.
Closing Price of US Stocks on the 22nd:
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The Dow Jones Industrial Average rose by 227.79 points (+0.47%), closing at 48,362.68 points
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The S&P 500 Index rose by 43.99 points (+0.64%), closing at 6,878.49 points.
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The Nasdaq index rose 121.21 points (+0.52%), closing at 23,428.83 points
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The Philadelphia Semiconductor Index rose 77.71 points (+1.10%), closing at 7,145.57 points
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