The cryptocurrency market has been volatile recently. Despite the market's expectations for a "Santa Claus bounce", Bitcoin fell due to reduced buying activity by large investors.
Bitcoin fell due to reduced buying activity by large investors, despite the market's expectations for a "Santa Claus bounce."
However, Ethereum failed to set a new all-time high but still shows strong growth potential.
Analyst Justin Bennett pointed out that BTC's current bullish pattern is similar to the previous surge, and based on historical trends, it is predicted that Bitcoin may break through $168,500.
The market also faces some challenges. The Wall Street Journal raised concerns that Bitcoin may be threatened by quantum computing, and based on historical patterns, BTC's price adjustment could reach 30%.
Despite this, key indicators of on-chain activity still indicate that the Web3 field is expected to achieve sustainable growth.
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