Bitcoin's price dropped nearly 2% in the past 24 hours, missing out on the typical year-end 'Santa rally' as traditional assets like gold, silver, and US stocks surged to new highs. Despite the broader market rally, Bitcoin and Ethereum remained below their peak values, with XRP also experiencing a decline over the past week.
Year-to-date, Bitcoin has underperformed, remaining in the red as geopolitical tensions and central bank liquidity measures have bolstered traditional markets. This shift has seen investors favoring gold and stocks over cryptocurrencies as the year draws to a close.
Bitcoin Declines Amid Year-End Rally in Gold and Stocks
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