The 'Santa Claus Rally' has arrived! U.S. stocks are up across the board, and the crypto market offers a green gift!
On December 25, according to 4E monitoring, the three major U.S. stock indices rebounded on Christmas Eve, and crypto concept stocks soared in tandem: Coinbase rose by 4.28%, and 'Bitcoin whale' MSTR rose by 7.81%, firing the first shot of the holiday rally!
At the same time, the crypto market also did not want to be outdone, with Bitcoin experiencing a strong surge last night, breaking through multiple resistance levels, peaking at $99,480 at midnight, and reported at $98,047 at the time of writing, with a 24-hour increase of 4.35%. Major altcoins also collectively followed suit, with Ethereum briefly surpassing $3,500, and SOL standing above the $200 mark, as market sentiment warmed up overall, giving bulls a 'green Christmas gift'.
Interestingly, historical data shows that during the 'Santa Claus Rally' period since 1950, the S&P 500's return rate significantly exceeds the annual average. Now, with U.S. stocks and the crypto market rising together, does this mean the beginning of a new rally? Is the celebration of the bulls just getting started?
The trumpet of the Christmas bull market has sounded, follow Old Lin, and seize the high ground of the New Year market!
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