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 ...
Bitcoin has surged by 5%, trading close to $98,000 as traders celebrate the holiday season. This gains come after a three-day decline, propelling Bitcoin from a low of $93,000 and sparking discussions of a potential Santa rally. With an impressive annual increase of 123%, Bitcoin shows strong Market momentum. The outlook for the crypto industry ...
Wall Street has started the Santa Rally season on a high note, with major indices rising ahead of the Christmas holiday. The S&P 500 climbed 1%, marking a third consecutive day of gains after a volatile Federal Reserve meeting. Tesla led the charge, surging 7.35%, while Walmart, Starbucks, and Netflix also posted notable increases. The ...
As 2024 comes to an end, Bitcoin (BTC) is showing disappointing performance compared to its usual year-end gains. Historically, Bitcoin tends to increase around 2.8% in the 51st week, but this year it is expected to drop by 11%. While it usually gains about 3% in the last week of the year, it has actually ...
