• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Christmas Rally: How the Crypto Market Comes Alive at Year-End

user avatar

by A1

2 hours ago


The Christmas rally, historically linked to the last five trading days of December and the first two of January, brings special liveliness to both stocks and cryptocurrencies. Let's explore its manifestation in cryptocurrencies.

The History of the Christmas Rally in the Crypto Market

Originally, the Christmas rally term applied to the U.S. stock market. However, with the growth of the crypto market, this trend has been observed here as well. LPL Financial analysts noted that over the past 20 years, the Christmas period remains one of the most profitable. Data for cryptocurrencies over the past five years confirms this trend.

Performance Analysis of Cryptocurrencies Over the Years

In 2019, Bitcoin surged by 15% during the Christmas period, reaching $7,400. In 2020, it broke through the $20,000 mark, increasing by over 40% in a short time. In 2021, despite a year-high drop, Bitcoin rebounded during the Christmas holidays, jumping from $46,000 to $52,000. The market was less active in 2022, yet individual projects showed gains. In 2023, Bitcoin again showed significant growth, reaching $34,000, with some meme coins performing exceptionally well.

Factors Influencing the Christmas Rally

The Christmas rally in cryptocurrencies is influenced by several factors. Holiday sentiment attracts funds to the market; institutional investors reevaluate assets at year-end; technical rebound opportunities emerge post-correction; and the presence of the Christmas rally is actively discussed on social media, heightening market interest.

The Christmas rally has become an important phenomenon for the crypto market. The observed activity during this period draws investor attention, offering a short breakthrough during the season. A repeat of rapid growth is expected in 2024.

0

Share

Other news

WLFI and Ethena Labs: A New DeFi Partnership

WLFI plans collaboration with Ethena Labs to integrate the stablecoin sUSDe into its platform.

user avatarA1

a few seconds ago

Crypto Licensing in Hong Kong: Strengthening Global Position

Hong Kong issued licenses to four crypto exchanges, aiming to enhance its status as a global digital asset hub.

user avatarA1

a minute ago

Plume Network raises $20M for tokenization ecosystem development

Plume Network raises $20M to advance the tokenization of real-world assets.

user avatarA1

a minute ago

Ethereum Attracts Whale Attention, While Avalanche Launches Major Upgrade

Ethereum attracts whale interest, while Avalanche upgrades its network. Both stand in the spotlight of the crypto world in December 2024.

user avatarA1

2 minutes ago

Hindenburg Raises Concerns About Sezzle After Share Price Surge

Hindenburg Research announced a short position on Sezzle amid concerns over the company's financial practices.

user avatarA1

2 minutes ago

Key Levels for Bitcoin and LINK: What to Expect?

Bitcoin and LINK Coin face pivotal moments. Significant price volatility is anticipated.

user avatarA1

3 minutes ago

dapp expert logo
© 2020-2024. DappExpert. All rights reserved.
© 2020-2024. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.