No Santa Rally for Bitcoin: BTC Moves Sideways Around $87,000 [Crypto Briefing]

[Financial News] As of the 26th, Bitcoin (BTC) is trading sideways around the $87,000 level.
According to CoinMarketCap, as of 10:10 a.m. on this day, BTC was trading at around $87,000, down 0.38% over the past 24 hours. Over the past week, BTC has risen 2.12%.
In the Korean won market, BTC is trading at approximately 128 million KRW. According to the global crypto price comparison platform Cryprice, the Korea premium stands at 1.67%.
On the 24th (local time), all three major U.S. stock indices closed higher, marking a Santa Rally. However, the cryptocurrency market remained largely unchanged, moving sideways.
On the 24th (local time), the S&P 500 Index (S&P 500) rose 22.26 points (0.32%) to close at 6,932.05. The Dow Jones Industrial Average (DJIA) climbed 288.75 points (0.60%) to 48,731.16, while the NASDAQ Composite Index finished up 51.46 points (0.22%) at 23,613.31.
Investor sentiment has also cooled. The Crypto Fear and Greed Index provided by CoinMarketCap stood at 27, indicating 'fear.' The index ranges from 0 to 100, where values closer to 0 represent 'extreme fear' and those near 100 indicate 'extreme greed.'
Institutional investors have continued to sell. Over the past five trading days (December 18–24), institutions recorded net selling in Spot Bitcoin ETF.
At the same time, Ethereum was trading at around $2,908, down 1.12% from the previous day. Ripple was down 1.20%, trading at approximately $1.83.

yimsh0214@fnnews.com Im Sang-hyuk Reporter