El Salvador is once again in the spotlight of the crypto world! According to the National Bitcoin Office, the country has increased its reserves of digital gold to an impressive 6,000.77 BTC. The value of these assets today is approximately $569.3 million.

But that's not all! The average purchase price of Bitcoin for El Salvador was $45,450, and the country's investment returns have already skyrocketed by an astounding 108.02%. This result places El Salvador among the most successful crypto investors, proving that the bet on Bitcoin was not only bold but also incredibly profitable.

Every year, traders and investors wonder whether to expect the traditional increase in asset prices at the end of December and the beginning of January, known as the 'Santa Claus Rally'?

The 'Santa Claus Rally' is the anticipated increase in market prices associated with holiday sentiment, portfolio rebalancing, and an influx of new funds. In the U.S. stock markets, this trend usually manifests in the last 5 days of December and the first 2 days of January. However, in the world of cryptocurrencies, things are less clear-cut. For example, in 2020 and 2021, the market experienced a powerful surge, while in 2022, it faced a decline.

1. Bitcoin's price falls below $96,000: On December 19, the price of Bitcoin dropped to $95,700, and by the morning of December 20, it was trading around $97,900.

2. Market reaction to the U.S. Federal Reserve's rate cut: Following the third interest rate cut by the U.S. Federal Reserve in six months, the cryptocurrency market began to correct.

📰 News that shook the crypto world! 🚨
An early bitcoin investor from Austin, Texas, found himself at the center of one of the most significant cryptocurrency legal precedents. Frank Richard Algren III, who has been actively investing in bitcoin since 2011, was sentenced to two years in prison for tax evasion on $4 million in profits from cryptocurrency sales.

🥇 One of the richest people in the world loves #Bitcoin?

The founder of DELL, Michael Dell, who has a fortune of $112 billion and ranks 16th in the ranking of the richest people in the world according to Forbes, began actively tweeting about Bitcoin on#Twitter(X).

For example, Dell published a photo of Cookie Monster eating Bitcoin cookies and reposted a tweet from Bitcoiner Michael Saylor:

Although many people are now super-bullish, I think there is a lack of some kind of adequacy. Anyone placing a big bet on cryptocurrency growth before the end of the year should be aware of the signs of an impending correction, for which many will not be prepared. Therefore, every optimist now needs to remember 5 critical haircut signals: 1️⃣ It is important to remember that in market conditions like now: “fear and greed index” 73 BTCUSD. You don't necessarily need good reasons to make at least a good correction. 2️⃣ In one month, BTC grew by +30%, of course, this is a lot even for $BTC in such a short period of time. Purely technically, it suggests itself in order to unload the RSI indicator and cool the greed of the bulls. 3️⃣ “Suspiciously bullish news background”, everyone is shouting about the impending quadrillion inflows into the crypt after the approval of spot ETFs. Moreover, it is beneficial for them to create a bullish news background now in order to unload their positions as much as possible, since they understand that a strong recession is looming ahead. 4️⃣ The entire growth of 2023 looks like a correction of the fall of 2021-2022 according to Fibo. It smells like a bull trap under the auspices of the legendary spot approval E-T-F 🎉 Which everyone is waiting for to buy all-in. Complete lack of adequate trading volumes on exchanges. This means that large players do not buy BTC.5️⃣ There was no test of the $30k mirror level. Which also speaks in favor of a short-term price drop, despite all the best sentiments, unfortunately. A $ETH and it costs $2000 to create fomo for everyone. Therefore, for those who are still sitting in the spot, you can still buy at reasonable prices, the most important thing is not to miss this moment... If the bulls still have arguments for growth, then I propose to discuss them together constructively and without insults 👀And yes, if I miss 10% I won’t be too upset about growth, since I have an investment position. Therefore, it is very important to approach the market with your own strategy. I talk about her in this profile.#инвестиции #альтсезон #коррекция #прогноз