What Happened to Bitcoin’s Santa Rally?
What Happened to Bitcoin's Santa Rally? Historically, the 4th quarter is the bitcoin's finest; this year it's underperforming. Dec 20, 2024, 2:35 p.m. UTCAs 2024 wanes, bitcoin (BTC) is underperforming, counter to its historic efficiency in a year-end "Santa rally."The biggest cryptocurrency usually includes about 2.8% in the 51st week, today it's on course to move 11%. And, while it's tended to get 3% in week 52, in 5 of the previous 6 years the BTC cost has actually dropped. There's not much hope this time around either.The precise timing for what's thought about a Santa rally differs, however it's plainly as December nears January and possibly a couple of days either side.The pattern reaches the entire quarter too. The 4th quarter tends to be among bitcoin's greatest, however this year ...