Despite approaching Christmas Eve, the crypto market remains stagnant and uninspired. Bitcoin, the leading crypto asset, has been unable to sustain its value above $100,000.

儘管臨近聖誕夜，加密貨幣市場仍然停滯不前且缺乏靈感。比特幣作為領先的加密資產，一直無法將其價值維持在 10 萬美元以上。

Historically, the period leading up to Christmas Eve has been characterized by a rally in crypto asset prices, marking new all-time highs and fostering a festive atmosphere. However, this year has not followed suit.

從歷史上看，平安夜前夕的特點是加密資產價格上漲，創下歷史新高並營造節日氣氛。然而，今年並沒有效法。

Bitcoin (BTC), which soared to an all-time high of over $108,000 just six days ago, has witnessed three consecutive days below the $100K threshold. Over the past week, the flagship cryptocurrency has lost 8.3% of its value and is currently trading at $95,904 per coin. Similar trends are observed among other high-cap cryptocurrencies.

比特幣（BTC）在六天前飆升至超過 108,000 美元的歷史新高，現已連續三天低於 10 萬美元大關。過去一周，旗艦加密貨幣的價值下跌了 8.3%，目前每枚幣的交易價格為 95,904 美元。其他高市值加密貨幣也出現了類似的趨勢。

Ethereum (ETH) has declined by 15.6% over the past seven days, with its current trading price at $3,339. Ripple's XRP token has also suffered a significant 7.8% drop during the same period, now valued at $2.2.

以太坊（ETH）過去 7 天下跌了 15.6%，目前交易價格為 3,339 美元。 Ripple 的 XRP 代幣同期也大幅下跌 7.8%，目前價值 2.2 美元。

Dogecoin (DOGE), the leading meme coin by market capitalization, has plummeted by more than 21% in the past week and its price currently hovers around $0.316. Solana (SOL) has also dipped below the $200 mark, falling by 16% to its current price of $184.

狗狗幣 (DOGE) 是市值領先的迷因幣，過去一周暴跌超過 21%，目前價格徘徊在 0.316 美元左右。 Solana (SOL) 也跌破 200 美元大關，下跌 16%，目前價格為 184 美元。

Data from CoinGecko reveals that the broader crypto market has experienced a 14% decline from its all-time high of $3.9 trillion, with its current valuation standing at $3.41 trillion. The weekly crypto charts are dominated by red, reflecting the market's overall downturn.

CoinGecko 的數據顯示，更廣泛的加密貨幣市場較 3.9 兆美元的歷史高點下跌了 14%，目前估值為 3.41 兆美元。每週的加密貨幣圖表以紅色為主，反映了市場的整體低迷。

Analysts suggest that investors are choosing to secure profits before Christmas Eve, contributing to the market's inertia.

分析師表示，投資人選擇在平安夜前獲利，加劇了市場的慣性。

Despite the recent sell-off, there remains a possibility of a post-Christmas rally, historically known as the "Santa Claus rally." Data from CoinGecko indicates that this rally has occurred in eight out of the past ten years, between Dec. 27 and Jan. 2, offering a glimmer of optimism amidst the market's current struggles.

儘管最近出現拋售，但聖誕節後仍有可能出現反彈，歷史上稱為“聖誕老人反彈”。 CoinGecko 的數據顯示，在過去十年中，有八次出現這種反彈，即 12 月 27 日至 1 月 2 日之間，為當前市場的困境帶來了一線樂觀的曙光。

However, the likelihood of a post-Christmas rally hinges on Bitcoin's performance, which has a significant influence on the overall market's direction. If Bitcoin regains its $100,000 level, it could reignite investor confidence and propel a broader market recovery.

然而，聖誕節後反彈的可能性取決於比特幣的表現，這對整體市場的方向有重大影響。如果比特幣重回 10 萬美元水平，可能會重燃投資者信心並推動更廣泛的市場復甦。

Market analysts believe that corrections are an inevitable part of prolonged Bitcoin rallies. Moreover, experts from VanEck anticipate that Bitcoin will enter a new price discovery phase following the recent correction, projecting a potential rise to $180,000 by Q1 2025.

市場分析師認為，調整是比特幣長期上漲不可避免的一部分。此外，VanEck 的專家預計，在最近的調整之後，比特幣將進入新的價格發現階段，預計到 2025 年第一季可能會升至 18 萬美元。

At the time of writing, Bitcoin was down 1.1% in the past 24 hours, trading at $95,870 per coin.

截至撰寫本文時，比特幣在過去 24 小時內下跌 1.1%，交易價格為每枚 95,870 美元。