BlockBeats reported on December 13 that Coinstash co-founder Mena Theodorou stated in a recent report that Bitcoin’s record high has fueled traders’ expectations for an extended altcoin season and a potential Christmas rebound. CoinGecko data shows that cryptocurrencies have generally risen around Christmas in eight of the past ten years.
Additionally, Nexo analyst Liya Kalchev predicts that Ethereum’s price will reach $5,000 by early 2025. (DL News)
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<p>The post Bitcoin’s Record Boosts Traders’ Hopes for a Continued Altcoin Season and a Potential Christmas Rebound first appeared on CoinBuzzFeed.</p>
