In a narrow upward trend led by technology stocks, the S&P 500 index rose for the fourth consecutive trading day, reaching a new historical high. While gold continues to hit new highs, Bitcoin remains sluggish, consolidating in the narrow range of 86K~88K yesterday.
The US third quarter GDP exceeded expectations, and the S&P reached a high on Christmas Eve.
The U.S. Department of Commerce reported that the economic growth rate for the third quarter of the United States is 4.3%, far exceeding economists' previous forecast of 3.2%. This report was originally scheduled for release on October 30, but was postponed due to the U.S. government shutdown.
Jose Torres of Interactive Brokers stated:
“The strongest economic growth rate in two years has strengthened people's confidence that corporate profits will continue to grow strongly in 2026.”
Another set of data released on Tuesday showed that U.S. business equipment orders fell more than expected in October. However, the shipment volume of non-defense capital goods, including aircraft, which directly contributes to the equipment investment portion of GDP, was stronger than expected, indicating that there will be some growth momentum in the fourth quarter.
Eric Teal of Comerica Wealth Management stated:
“The U.S. economy is showing a Goldilocks scenario: economic growth is above potential levels, inflation rates have declined but remain high, and the labor market appears slightly weak, prompting the Federal Reserve to possibly maintain a dovish stance.”
The New York Stock Exchange will close early at 1 PM Eastern Time on Christmas Eve (12/24) and will be closed on Christmas Day (12/25).
Bitcoin is consolidating in a narrow range, and the expiration of a large number of options on Friday may exacerbate volatility.
In the past 24 hours, the total cryptocurrency market capitalization has fallen by 1.42% to $2.95 trillion.
While gold continues to hit new highs, Bitcoin remains sluggish, consolidating in a narrow range of 86K~88K yesterday. Deribit options data shows that approximately 23 billion dollars of contracts will expire on Friday (12/26), which could exacerbate the already high volatility. However, the current implied volatility is in a compressed state, with the DVOL index hovering around 43. Historically, when such a large volume of contracts expires, volatility tends to rise due to position rollovers, hedge adjustments, and reduced liquidity during holiday periods.
( Short positions gather 85K! Bitcoin's year-end options expiry may trigger downward pressure )
This article mentions that on Christmas Eve, the US stock market hit a new high, while Bitcoin is consolidating in a narrow range, first appearing on Chain News ABMedia.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Holds Strong at $70,000! On-Chain Data Reveals "Collective Selling Wave," Retail Investors Emerge as Biggest Selling Pressure
Under Middle East geopolitical tensions, Bitcoin faced widespread selling pressure, particularly from retail holders. According to Glassnode data, the market is experiencing heavy selling pressure, with the accumulated trend score declining to 0.04, indicating that retail and small-to-medium investors are reducing their positions significantly. Despite this, Bitcoin's resilience against the decline has surprised market observers.
区块客34m ago
Dogecoin Slides Despite Elon Musk Reviving DogeFather Persona
Key Insights
Elon Musk’s DogeFather post sparked attention, yet Dogecoin’s price declined, showing limited market reaction despite strong social media engagement and renewed community discussion.
Dogecoin traded near $0.093 after a failed recovery attempt, with steady volume and moderate
CryptoFrontNews59m ago
Bittensor Holds Strength but Faces Resistance Near $285 Level
Key Insights:
Bittensor maintains strong short-term momentum above key averages, while ETF developments and high staking levels continue shaping liquidity and investor demand dynamics.
Overbought technical indicators signal stretched conditions, even as bullish momentum persists,
CryptoFrontNews1h ago
Hyperliquid Price Jumps 22% as Commodity Trading Hits Record
Key Insights:
Hyperliquid surged over 20% weekly, driven by record commodity futures trading volumes, especially oil and silver contracts, gaining strong traction among traders.
Whale activity surpassed $3.6 billion in leveraged positions, boosting liquidity and reinforcing upward momentum a
CryptoFrontNews1h ago
Weekly Report: Gold Breaks Below $4,500! Crude Oil Surges Past $110, But Bitcoin Rallies and Outperforms Gold
Escalating tensions in the Middle East and the Federal Reserve's hawkish stance have impacted global financial markets. Gold plummeted more than 10% this week, marking its worst performance since 1983, while oil prices surged to historic highs. In contrast, Bitcoin rose against the trend, indicating a flow of capital toward crypto assets. The market continues to face uncertainty, and volatility in risk assets may persist.
動區BlockTempo2h ago
