According to a report from Coingecko, the crypto markets have experienced a Santa Claus rally effect in eight out of the last ten years. The rally refers to the market's positive movements during the final five trading days of the year and the first two days of the new year. From 2014 to 2023, the total crypto market capitalization saw increases ranging from 0.69% to 11.87% during this period. However, the week leading up to Christmas has been more mixed, with gains varying from 0.15% to 11.56% but also significant dips, such as a 12.12% drop in 2017. Bitcoin has mirrored these trends, experiencing gains before and after Christmas, but also significant drops. Coingecko's analysis highlights that while there are some occasional patterns, the Santa Claus rally in crypto markets is unpredictable, showcasing the volatility of the sector.



Other News from Today