Holiday Magic or Market Myth? đ€
For the past decade, the crypto market has embraced a touch of holiday magic with the âSanta Claus Rally.â Post-Christmas rallies lit up the charts 8 times between 2014 and 2023, bringing gains of up to 11.87%. Pre-Christmas, the magic was more elusive, with only 5 rallies recorded, but still delivering festive gains as high as 11.56%.
Bitcoin followed a similar trend, soaring by 13.19% in its best pre-Christmas rally (2016) and crashing by a frosty 21.30% in its worst year (2017). While the rally isnât a guarantee, #December often delivers bigger market moves, with crypto market caps surging up to 94.19% during the month or plunging by as much as 15.56%.
Whether itâs holiday cheer or seasonal speculation, the Santa Claus Rally is a captivating, if unpredictable, tradition in the crypto world.
Are you bullish on this?
If you enjoy my content, feel free to tip me â€ïž
#Binance
#crypto2024
