Dec, 2022

Is Any Santa Rally in Cryptos ?

Santa Rally is a unorthodox phenomenon where stock markets, for the week before Christmas, are going up without any specific reason.

The phenomenon usually appears in traditional markets but has it happened in cryptos before ?


In 2011, Bitcoin skyrocketed from a couple cents to $40 but in 2013 in December started to drop down, a fall that continued until December 2014.


In 2015 and in 2016 were positive years while in 2017, rally peaked its high level. In 2018 was a rather neutral year while 2019 and 2020 were green years for every crypto.


Even if 2021 started good for cryptos, in December everything was in red.


What all these means ?


Maybe Santa Claus don’t know what presents should give to crypto holders and every year drafts a lottery for them….