A ‘Santa Claus Rally’ for the Stock Market?
Since 1969, 34 out of 45 years have seen a late December rally. Here are 5 reasons why that might not happen this year.
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CNBC personality Jim Cramer has been pushing the possibility of a so-called “Santa Claus rally” across the stock market. But could this holiday-related trend have an impact on Bitcoin and cryptocurrencies? Mad Money Host Calls For “Santa Claus Rally” Bitcoin has taken a beating, down substantially from what most of its backers believed the year would be closing at. The stock-to-flow model was predicting anywhere between $100,000 to $288,000 per coin, but instead the top cryptocurrency by market cap is below $50,000 or around half of the lower of the two targets.....
Christmas time is almost upon us, and the wonder experience of Santa Claus, getting together with loved ones, opening presents, and overstuffing bellies with food is around the corner. One party has already shown its true Grinch colors, as popular payment platform PayPal is ruining the magic of Santa Claus. Not all advertising campaigns are greeted with a merry chuckle these days. Remember when we were young, and we kept on wondering how Santa Claus got our presents to us at the right time and data, regardless of whether conditions? Even when we moved from city to city, our presents would....
During no other time of the year are humans more open to the idea of miracles than now. But what about a crypto Christmas miracle for Bitcoin? Rather than the miracle being the premise for a holiday flick, it is possible that the appearance of a backtestable technical signal puts in a miracle-esque bottom for the cryptocurrency market. More Credence For A Santa Claus Rally In Crypto Dozens of Hallmark-style holiday movies include the world “miracle” in their title. The idea that Santa Claus could hit the homes of children across the entire globe in one night demonstrates the....
Betchain invited a hearty Santa over to its Christmas party. The staff, thrilled to enjoy his presence, went straight forward to the essence. After all, Santa needs some information gathering to understand who he should be rewarding. When he saw the list, he decided to forgive those who have been naughty and not nice, so he could reward every player with a huge surprise! Santa's generosity shines through with an unprecedented mystery gift every day until the 25th! Betchain staff matched Santa's passion, and decided to take action. Gifts for all is what they chimed, and ever since, every....
Bitcoin has fallen just 17% from ATH which makes this correction the shallowest of the year so far. In previous bull market cycles, there has been a measurable correction before a rally at the end of the year — and if history rhymes it could be on the cards again.We’ve certainly experienced the correction: Bitcoin hit an all-time high of around $69K on Nov. 10 and has retreated around 17% to current levels.Some mainstream media outlets such as Forbes have taken the view the current pullback has plunged markets back into bearish territory with the rather salacious headline: “Did Bitcoin....