According to BlockBeats, on December 25, monitoring by 4E shows that U.S. stocks rebounded strongly on Christmas Eve, with all three major indices rising. Cryptocurrency-related stocks rose broadly, with Coinbase up 4.28% and 'Bitcoin whale' MSTR up 7.81%.
The cryptocurrency market has rebounded after experiencing a pullback, bringing a 'green Christmas gift' to the bulls. Bitcoin started a rapid rise last night, breaking through several resistance levels, peaking at $99,480 at midnight. As of the time of writing, it has slightly pulled back to $98,047, with a near 24-hour increase of approximately 4.35%. Most mainstream altcoins have also rebounded under the influence of Bitcoin, with Ethereum briefly breaking through $3,500 and SOL standing above $200. Market sentiment has noticeably improved.
Historical data shows that since 1950, during the last five trading days of each year and the two trading days before New Year's (the so-called 'Santa Claus Rally' period), the average return of the S&P 500 index has been significantly higher than the market's average seven-day return. The broad rise in financial markets on Tuesday may signal the beginning of the Santa Claus Rally, with the potential for a new round of market activity.
