Why are cryptocurrencies up today? Santa rally narrative ... - FXStreet

Dec 24, 2024 · This shows that the market could be witnessing a 'Santa rally,' an event where cryptocurrencies rise during the final five trading sessions of a year through to the first two of …

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Why Are Cryptocurrencies Up Today? - FXStreet

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Jan 15, 2025 · Bitcoin and the general crypto market marked quick gains on Wednesday, adding nearly $100 billion in market capitalization following the release of December's US Consumer …

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Crypto Liquidations Hit $1B As Traders Were ‘unprepared For Bad …

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Dec 20, 2024 · A crypto analyst said we are yet to see the “Santa rally” the market has been hoping for after $1 billion was liquidated in the crypto markets in just 24 hours.

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XRP, Solana And Other Altcoins Seen Booming In A ‘Santa Rally’

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Dec 10, 2024 · Bitcoin’s falling dominance Bitcoin’s the biggest cryptocurrency by far, but its share of the $3.6 trillion market has dropped to just under 54%. That suggests that traders are …

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Bitcoin Price Forecast: BTC Misses Santa Rally Even As On ... - FXStreet

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Dec 27, 2024 · Bitcoin (BTC) price hovers around $97,000 on Friday, erasing most of the gains from earlier this week, as the largest cryptocurrency missed the so-called Santa Claus rally, …

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Will Bitcoin Hit New Heights This Christmas After Its $106K All …

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Dec 16, 2024 · According to research by Coingecko, from 2014 to 2023, the Santa Claus Rally effect was observed in 8 out of 10 instances. The essence of the phenomenon is that, from …

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Bitcoin's Santa Rally Fizzles, While MicroStrategy Continues …

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Dec 26, 2024 · Other cryptocurrencies including Ethereum also suffered.With a forecasted 115% increase for the year, Bitcoin is still positioned for a great year-end performance despite this …

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Why Is The Crypto Market Up Today? - FXStreet

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Dec 11, 2024 · Bitcoin (BTC) surged above $100K on Wednesday following the release of the US November Consumer Price Index (CPI) data, which came in line with expectations at 2.7%.

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XRP Could Rally 18% Amidst Changes At The SEC And Bullish On

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59 minutes ago · The Securities & Exchange Commission (SEC) has scaled back its unit of lawyers and staff members dedicated to crypto enforcement action.

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Ethereum Price Forecast: Pectra Upgrade May Spur ETH To

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22 hours ago · Ethereum price today: $2,760 Ethereum researcher Justin Drake noted that the upcoming Pectra upgrade will improve the ETH burn mechanism by scaling its data availability …

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FAQs about Why are cryptocurrencies up today? Santa rally narrative ... - FXStreet Coupon?

Is the 'Santa Rally' affecting crypto markets?

The traditional "Santa Claus rally" in the stock market, attributed to increased holiday spending and end-of-year trading, often influences the crypto market as well. However, for digital assets, it seems the Santa Rally appears to have arrived early this year, with crypto markets already rising. ...

Does Crypto have a Santa Claus rally?

In the history of crypto, there have been several notable instances of such rallies, where market capitalization increases at the end of the year. According to research by Coingecko, from 2014 to 2023, the Santa Claus Rally effect was observed in 8 out of 10 instances. ...

Is the crypto market booming before the Christmas holidays?

Axi The crypto market is booming before the Christmas holidays. We track the performance of major cryptos, zeroing in on the Santa Rally phenomenon. The traditional "Santa Claus rally" in the stock market, attributed to increased holiday spending and end-of-year trading, often influences the crypto market as well. ...

Does bitcoin have a Santa Rally?

Economist Declares \'Santa Rally\' on Bitcoin U.Today - Crypto enthusiasts have also embraced the idea of a Santa Rally; it is not just a concept found on traditional markets. ...

Are altcoins ready for Santa Rally?

With favourable macroeconomic and regulatory conditions, altcoins have achieved spectacular returns in the last two weeks, securing their spot in this year's Santa Rally. While the rally is promising, traders are advised to remain cautious, as crypto markets are notoriously volatile. ...

What is the Santa Claus rally effect?

According to research by Coingecko, from 2014 to 2023, the Santa Claus Rally effect was observed in 8 out of 10 instances. The essence of the phenomenon is that, from December 27 to January 2, the market capitalization of cryptocurrencies typically increases by 0.69% to 11.87%. ...