Bitcoin, Ethereum, XRP, and Dogecoin surged about 5% during the Christmas Eve “Santa Claus Rally”
Cryptocurrency markets are trading higher in the run-up to Christmas, prompting traders to predict a bullish end to the year.
| cryptocurrency | price | Gain +/- |
| Bitcoin Bitcoin/USD | $98,100.74 USD | +5% |
| Ethereum Ethereum/USD | $3,478.79 USD | +4% |
| Solana Sol/USD | $196.49 | +6% |
| Ripple Ripple/USD | $2.31 | +6.1% |
| Dogecoin Dogecoin/USD | $0.3338 | +6.9% |
| Shiba Inu SHIB/USD | $0.0000231 | +6.8% |
Notable statistics:
- IntoTheBlock data shows that large transaction volume increased by 158.7%. Transactions over $100,000 increased from 7,495 to 10,784 in a single day. Exchange net traffic dropped by 233.05%.
- Coinglass data shows that 88,733 traders were liquidated in the past 24 hours, resulting in losses of $250.33 million.
Notable progress:
The biggest increase:
| cryptocurrency | price | Gain +/- |
| Chunky penguin Penguin/USD | $0.03587 | +35.7% |
| Bitcoin (Cryptocurrency:) | $4.90 | +21.9% |
| virtual agreement virtual/dollar | $3.13 | +20.6% |
Note to traders: As Bitcoin prices move higher, cryptocurrency trader Jelle shares simple strategies for navigating the market.
Meanwhile, Rekt Capital observed that Bitcoin attempted a rebound yesterday but was rejected near recent lows.
Today, it is bouncing back and testing the previous support level, which is now acting as resistance.
If resistance persists, further declines are likely. However, regaining these levels could signal a bullish reversal.
Trader Satoshi Flipper reviews Bitcoin’s recent 15% correction and altcoin declines of 25-50%.
He questioned whether this marked a local bottom or whether future corrections would follow a similar pattern.
While possible, certainty remains elusive.
The trader wondered whether history was repeating itself or rhyming, and admitted it was too early to tell. Investors can wait, but traders remain cautious.
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