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What is a Santa Claus Rally in the Market?

source-logo  coingape.com 25 December 2023 19:20, UTC

The term “Santa Claus Rally” traditionally refers to a surge in stock market prices in the final week of December through the first few trading days of January. This concept, now observed in the cryptocurrency market, signifies a similar trend where cryptocurrency prices experience a notable increase during the holiday season. This phenomenon is attributed to various factors such as increased holiday spending, investor optimism, and tax considerations.

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