BTC (Bitcoin) fell 1.79% in the last 24 hours.

Gate News Bot news, on December 23, according to CoinMarketCap, as of the time of writing, BTC (Bitcoin) is currently priced at $87,546.06, falling by 1.79% within 24 hours, reaching a high of $90,501.93 and a low of $84,436.32, with a 24-hour volume of $41.761 billion. The current market capitalization is approximately $1.75 trillion.

Bitcoin is an innovative payment network and a new type of currency. As an open-source peer-to-peer payment system, BTC operates using peer-to-peer technology, requiring no central authority or bank involvement; transaction management and Bitcoin issuance are entirely conducted by the network collectively. Bitcoin's design is public, no one owns or controls it, and anyone can participate. Through its unique properties, Bitcoin supports fast peer-to-peer transactions, global payments, and low processing fees.

BTC Recent Important News:

1️⃣ Institutions maintain a stable attitude towards increasing holdings, and the financing expansion of treasury companies remains unabated BlackRock and Trump Media, under Trump, have recently increased their purchasing power for Bitcoin. This morning, BlackRock added approximately 45 BTC (worth $4.02 million), while the Trump Group invested $13.44 million to acquire 150 BTC, bringing its holdings to 11,241 BTC, valued at about $1 billion. Strategy Company has even announced an expansion of its dollar reserves to $2.19 billion, with its holdings increasing to 671,268 BTC, at an average cost of $74,972, resulting in an unrealized profit of over $10.1 billion. These actions indicate that institutional investors' optimism about Bitcoin's long-term value remains unchanged, and they continue to position themselves as the year-end approaches.

2️⃣ The reverse bullish signal of the hashrate fall and signs of miner capitulation In the past 30 days, the Bitcoin network's hash rate has fallen by about 4%, marking the largest single-month drop in nearly two years. Approximately 400,000 mining machines in the Xinjiang region have been shut down, resulting in about 100 EH/s of hash rate exiting the network. Although there is significant pressure on miners— the breakeven electricity price for Bitmain's S19 XP mining machine has decreased by about 36% over the past year—historical data shows this is actually a positive signal. When the hash rate declines over a 30-day period, the probability of BTC achieving positive returns in the subsequent 90 days and 180 days reaches 65% and 77%, respectively, with an average increase of 72%, which is significantly better than the performance during periods of rising hash rate.

3️⃣ Market sentiment diversification and long positions reaccumulation Despite the market facing the weakest year-end performance in 2025 (with a cumulative fall of 22% in the fourth quarter), the derivatives market shows that traders are actively preparing for the year-end trend. The open interest of Bitcoin perpetual contracts rose from 304,000 to 310,000 BTC, and the funding rate increased from 0.04% to 0.09%, indicating that leveraged long positions are being re-accumulated. Against the backdrop of the Fear and Greed Index reaching 24 and gradually rebounding, the arrival of further catalysts in a low volatility environment becomes crucial. BlackRock has listed Bitcoin as one of the most core investment themes for 2025, and the strategic tilt of global asset management firms continues to provide support to the market.

4️⃣ Dual Risks of Policy Pressure and Changes in Index Rules MSCI is considering excluding companies with digital asset holdings exceeding 50% of their total assets from its global benchmark index. Currently, 38 companies face the risk of exclusion, with a combined market capitalization of $46.7 billion. If the Strategy is removed, it is expected to face an outflow of $2.8 billion to $8.8 billion in funds. Meanwhile, El Salvador has agreed to stop actively increasing its Bitcoin holdings under pressure from the IMF. Although the country still maintains a holding of 7,509 BTC, this indicates that strategic adjustments at the national level may limit the widespread adoption of Bitcoin as a reserve asset.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.