Bitcoin Battle For $100,000, Christmas Rally Incoming? (Your Weekly Crypto Digest)

It hasn’t been a particularly fun week in the cryptocurrency industry, with most of the market trading in the red. The losses are mostly tolerable, although some altcoins are certainly feeling the pressure. But let’s start with Bitcoin, as always.

The main cryptocurrency experienced a week full of volatility. Over the weekend, it rose above $101,000, but as soon as the week started, things weren’t looking so good. On Monday, the price began to drop, at one point even dropping to $94,000.

You guessed it: At the time, half the community was turning off the bull market. But the real bulls had something else in mind as the dip was bought almost immediately over the next two days. The price soared towards $103,000 yesterday, but failed to hold there, and Bitcoin is once again struggling for the coveted $100,000 level.

Elsewhere, if you thought a week would go by without Michael Saylor buying BTC, well, think again. MicroStrategy announced another massive buyout, this time worth around $2.1 billion. They bought 21,550 BTC at an average price of $98,782 and currently has 423,650 BTC. That’s right, every time Bitcoin moves by a single dollar, the company makes or loses almost half a million dollars. Now, that’s wild.

BlackRock also participated in the party. The company’s experts said that allocating 2% of its multi-asset portfolio to Bitcoin is a “reasonable” margin. But why would you care? Well, these guys handle a lot of money. They actually manage more money compared to other asset managers, and when they say something, people tend to listen. In this case, other institutional investors might consider Bitcoin after BlackRock publicly endorses it again.

All in all, it was a very interesting week in terms of price action, but if you hold altcoins, some of your portfolio is likely to be stretched. Most are in red. Many of the losses are not that significant, but there are some exceptions.

Now, another interesting thing to look at is the possibility of a Christmas rally. Here are some points in its favor:

The Fed is expected to cut rates again. Bitcoin’s supply cycle is in mid-swing, straight up. EOY sales rebound. Pro-Bitcoin Republicans Soon Take Over Washington. Market data

Market capitalization: $3.81 thousand | 24 Hour Flight: $264 million | BTC Domain: 52.5%

BTC: $101,136 (+1.2%) | ETH: $3,932 (-2%) | XRP: $2.43 (+4%)

This week’s headlines you can’t miss

Bitcoin ETFs reached $50.5 million in cumulative net inflows in the first year. Almost a year since Bitcoin cash exchange-traded funds (ETFs) launched in the United States in January, the funds have seen remarkable growth. Inflows to the 12 funds have exceeded 500,000 BTC.

Santa Reunion for the price of Bitcoin this December? 5 Big BTC Holders. Here are five reasons why BTC could be catching air for the next stage.

MicroStrategy’s Bitcoin Stash Rises to 423,650 BTC After Another Billionaire Buy. Now it seems like a recurring event, but MicroStrategy, the world’s largest corporate holder of BTC, has announced another massive acquisition. This time, the company spent $2.1 billion at an average price of $98,782 to acquire 21,550 BTC.

Ray Dalio Says Invest in BTC and Gold, Not Debt Assets: Report Ray Dalio, an American investor and founder of the world’s largest hedge fund, Bridgewater Associates, says he is investing in bitcoin (BTC) and gold instead of debt assets.

Crypto attorney French Hill was chosen to lead the House Financial Services Committee in 2025. Congressman French Hill has been named the next chairman of the House Financial Services Committee. He will succeed Patrick McHenry of North Carolina, who is retiring after a 20-year stint in Congress, including several terms leading Republicans on the board.

SEC Commissioner Hester Peirce calls for crypto reforms under Trump’s SEC leadership. Hester Peirce, commissioner of the US Securities and Exchange Commission (SEC), has outlined a vision for the agency’s crypto regulatory strategy under President-elect Donald Trump.

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