Bitcoin: What is Santa Claus Rally in the Crypto Markets? Explained
December is just around the corner with the Christmas season filled with decorations, lights, joy, family time, and the holidays. The season’s cheer spread its wings into the stock and crypto markets giving birth to the phrase ‘Santa Claus rally’. Also Read: How Long Did Previous Crypto Bear Markets Last Compared to 2022? What is the Bitcoin Santa Claus Rally? The Santa Claus rally is a phenomenon where the stock markets rally in the days leading up to Christmas. Therefore, investors believe December to be a lucky month for stocks that could also help Bitcoin and the crypto markets to rally. Investors believe that the Santa Claus rally in the stock markets will flow into crypto markets making Bitcoin spike in price in December. Also Read: Ripple: XRP Falls 8%, Here’s Why the Crypto is Crashing Today Should You Invest in BTC Hoping For A Santa Claus Rally? Source: Newsbtc.com The Santa Claus rally is nothing but a happy-go-lucky feeling that invest...