Investors are closely watching the possible emergence of a Santa Claus rally in the cryptocurrency Market as the year ends. Currently, major coins like Bitcoin, Ethereum, and Dogecoin have seen declines of up to 5.7% in the last 24 hours. Low trading volumes typical during the holidays may be causing this unusual selling pressure, with ...
As the year comes to a close, many crypto investors are hoping for a Santa Claus rally, similar to trends seen in stock markets. However, major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin have recently experienced declines of 3.6%, 4.6%, and 5.7%, respectively. Factors such as low trading volumes and fears of rising interest rates have ...
Many cryptocurrency investors are hopeful for a “Santa Claus rally” as the year ends, similar to trends seen in the stock Market. However, recent trading patterns show Bitcoin, Ethereum, and Dogecoin have all taken significant dips, each down over 3% in just 24 hours. As of the latest update, Bitcoin sits below $100,000, Ethereum is ...
Many cryptocurrency investors are hoping for a year-end boost, similar to the Santa Claus rally seen in the stock Market. However, recent trends show Bitcoin, Ethereum, and Dogecoin experiencing losses of 3.6%, 4.6%, and 5.7% over the past day. With low trading volumes typical during the holidays, today’s downturn has pushed Bitcoin below the important ...
Bitcoin’s price stands at $95,600, down from its all-time high of $106,800, leading to a notable shift in how many holders are profiting. Following the U.S. elections in November, Bitcoin peaked at $89,000, and the number of holders in profit exceeded 99%. But by Christmas Eve, that figure fell to 88.89% as the price struggled ...
Bitcoin’s price is currently at $95,600, down from its all-time high of $106,800, leading to significant selling among holders. After the US elections in November, BTC rose to $89,000, with over 99% of its supply making a profit. However, by Christmas, this had dropped to 88.89%, showing that many were selling. Despite high prices, the ...
Bitcoin prices are holding steady around $98,000, with no sign of a typical year-end rally. Interestingly, since Election Day, Bitcoin has seen an impressive 43% increase, adding nearly $600 billion to its Market cap. Despite this surge, the broader cryptocurrency Market has dipped about 1%, valuing at $3.4 trillion. Ethereum is trading lower at approximately ...
Israel is launching six Bitcoin-linked mutual funds on December 31, highlighting a growing confidence in cryptocurrency investments. Approved by the Israel Securities Authority, these funds will start with single daily transactions, with potential plans for continuous trading in the future. This move aligns with global trends as Bitcoin exchange-traded funds (ETFs) gain popularity, particularly in ...
As the holiday season approaches, Bitcoin enthusiasts are hopeful for a “Santa Rally,” a term used to describe rising asset prices in late December due to positive sentiment and lower trading volumes. Economist Alex Kruger has pointed out that this rally seems to be occurring, with Bitcoin recovering from a drop to around $94,500 and ...
Dan Morehead, CEO of Pantera Capital, believes that the crypto Market, particularly Bitcoin, will experience its next peak in 2025. In a recent interview, he explained that Bitcoin’s price trends often follow a four-year halving cycle, which reduces the rewards for miners, tightening supply. Based on historical data, Morehead predicts Bitcoin will reach a price ...
