"Christmas rally" fails to deliver in the crypto market: the liquidity crisis and the breakout battle of 2026
When the S&P 500 and gold toast at historical highs, Bitcoin stands alone at the $80,000 mark. This scene constitutes the most glaring divide in the financial market at the end of 2025.
The "Christmas rally" that investors eagerly anticipated ultimately could not cross the invisible chasm between TradFi (traditional finance) and the crypto world. As of December 26, BTC was $87724.12, nearly 30% down from the historical high of $125,000 set in October; Ethereum has also lost the psychological barrier of $3000, struggling near its yearly low. Meanwhile, the three major U.S. stock indices refreshed their closing records, and spot gold first climbed above $4500/ounce, with an annual increase of up to 70%. There is no greater contrast than this.
The "Christmas rally" that investors eagerly anticipated ultimately could not cross the invisible chasm between TradFi (traditional finance) and the crypto world. As of December 26, BTC was $87724.12, nearly 30% down from the historical high of $125,000 set in October; Ethereum has also lost the psychological barrier of $3000, struggling near its yearly low. Meanwhile, the three major U.S. stock indices refreshed their closing records, and spot gold first climbed above $4500/ounce, with an annual increase of up to 70%. There is no greater contrast than this.
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BTC
90,838
-1.43%