Reviewing the historical Santa Claus rally: Will it happen again this year?
The term 'Santa Claus rally' originally referred to the market performance during the last five trading days of each year and the first two trading days of the following year.
How is the 'Santa Claus rally' performing in the crypto market?
In years without the 'Santa Claus rally', the cryptocurrency market experienced the largest decline before Christmas in 2017, dropping by 12.12%. In other years, the pre-Christmas cryptocurrency market only experienced small declines, ranging from 0.74% to 1.25%.
Meanwhile, the market corrections after Christmas in 2021 and 2022 were 5.30% and 1.90% respectively.
It is worth noting that in the past 10 years, the "Santa Claus rally" in the cryptocurrency market has only occurred around Christmas for 3 years. These 3 years are:
In 2016, the total market value of the crypto market rose by 11.56% before Christmas and by 10.56% after Christmas.
In 2018, despite the market being in a state of adjustment throughout the year, moderate gains of 1.31% and 4.53% were recorded before and after Christmas respectively.
In 2023, in the bear market recovery environment, the cryptocurrency market rose by 4.05% before Christmas and 3.64% after Christmas.
In contrast, the total market value of the cryptocurrency market in December was even more extreme. Over the past 10 years, in 5 years, the overall market in December increased by 16.08% to 94.19%. In the other 5 years of correction, the market decline in December ranged from 1.73% to 15.56%.
Overall, the 'Santa Claus rally' in the cryptocurrency market is not a stable phenomenon, with significant performance differences and difficult to predict.
Follow me for the latest cryptocurrency news and consultations.
The term 'Santa Claus rally' originally referred to the market performance during the last five trading days of each year and the first two trading days of the following year.
How is the 'Santa Claus rally' performing in the crypto market?
In years without the 'Santa Claus rally', the cryptocurrency market experienced the largest decline before Christmas in 2017, dropping by 12.12%. In other years, the pre-Christmas cryptocurrency market only experienced small declines, ranging from 0.74% to 1.25%.
Meanwhile, the market corrections after Christmas in 2021 and 2022 were 5.30% and 1.90% respectively.
It is worth noting that in the past 10 years, the "Santa Claus rally" in the cryptocurrency market has only occurred around Christmas for 3 years. These 3 years are:
In 2016, the total market value of the crypto market rose by 11.56% before Christmas and by 10.56% after Christmas.
In 2018, despite the market being in a state of adjustment throughout the year, moderate gains of 1.31% and 4.53% were recorded before and after Christmas respectively.
In 2023, in the bear market recovery environment, the cryptocurrency market rose by 4.05% before Christmas and 3.64% after Christmas.
In contrast, the total market value of the cryptocurrency market in December was even more extreme. Over the past 10 years, in 5 years, the overall market in December increased by 16.08% to 94.19%. In the other 5 years of correction, the market decline in December ranged from 1.73% to 15.56%.
Overall, the 'Santa Claus rally' in the cryptocurrency market is not a stable phenomenon, with significant performance differences and difficult to predict.
Follow me for the latest cryptocurrency news and consultations.
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