Bitcoin bulls showed little energy over Christmas as BTC price weakness contrasted with gains for both Solana and BNB. Bitcoin took a fresh step down on Dec. 26, down 2% to $42,200 - its lowest in almost a week. Neither a “Santa rally” nor a holiday surprise materialized for Bitcoin as crypto markets continued struggling ahead of Wall Street's return.

Trading resource Material Indicators argued year-end profit-taking and tax-loss harvesting strengthened headwinds for BTC bulls. They watched to see if bulls could reclaim Bitcoin's 21-day moving average near $43,115 before the daily close. Earlier, Keith Alan had stressed the 21-day line's significance as support in recent months.

Order book data showed bids increasing at $37,000 and lower through December, suggesting traders positioned for further downside. In contrast, Solana and Binance Coin saw strong weekly gains up 56.8% and 19.5% respectively, while Ether rose just 1.6%. Solana benefited from higher gas fees and airdrops, hitting nearly $126 on Christmas Day - its highest since April 2022. With Bitcoin losing momentum, traders eyed a chance for altcoins to shine.