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The Santa Claus Rally Phenomenon in the Crypto Market

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Suba

Suba

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Throughout 2024, we have encountered several important moments that drove up crypto prices, Bitcoin Having and Uptober.

Although the Santa Clous Rally phenomenon was first in the stock market, it has spread to the crypto market where the increase in crypto prices is often referred to as a gift from Santa Clous.

Several studies conducted by CoinGecko between 2013 and 2023, the Santa Claus Rally occurred between Dec 26 and Jan 2. According to CoinGecko, there was an increase in prices in the crypto market between 0.70% and 12%. So what do you think caused the Santa Claus phenomenon?
 
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