<ul><li>Bitcoin's price dropped to $92,442 on Dec. 23, marking a 14.5% correction from its all-time high of $108,000 on Dec. 17.</li><li>Bitcoin defied the typical Santa Rally trend in December, falling 1% instead of gaining between 0.7% to 11.8%.</li><li>$18 billion worth of Bitcoin and Ether options contracts are set to expire on Dec. 27, signaling potential volatility.</li><li>Analysts predict that the next market cycle peak may occur in 2025, with some remaining optimistic despite the current downturn.</li></ul>

Bitcoin Defies Festive Trend: No Santa Rally as Prices Continue to Slide

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