Despite the recent decrease in the Fed rate, the price of Bitcoin has dropped by 15%! 📉 Over the past 30 days, it has decreased by 3.5%. Not only crypto, but also tech stocks on NASDAQ have fallen by 3%. 🎄 Will there be a Santa rally this year?
Historically, the Santa rally brings stock gains 79% of the time since 1950. Cryptocurrencies like Bitcoin also receive a holiday boost, but they can drop even more. Last year, Bitcoin rose by 4.87%, while NASDAQ increased by 0.46%.