Bitcoin's price fell below the $90,000 mark on December 23, trading at $87,482, marking a 2.44% decline over the past 24 hours. On-chain data indicates that the drop is due to profit-taking and short-term market pressure. Meanwhile, gold surged to a record high, trading between $4,380 and $4,470 per ounce, driven by ongoing inflation concerns and geopolitical tensions. Market participants are closely watching the upcoming expiration of $28.5 billion in Bitcoin and Ethereum options on Deribit, scheduled for December 26, which could introduce additional volatility in the near term.