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Bitcoin December performance has been a disappointment for traders and enthusiasts hoping for the anticipated “Santa Claus rally.” The cryptocurrency dropped to $92,442 on December 23, marking its lowest price since late November. This represents a major 14.5% correction from its all-time high of just over $108,000, recorded on December 17. Although Bitcoin briefly recovered to touch $95,000, it slipped back to $94,000 in early trading on December 24. The leading digital asset is now down more than 11% over the past week, casting a shadow over expectations for a year-end surge. Historically, crypto markets have performed well during the festive season, especially in bull markets, with traders observing strong rallies in late December. However, Bitcoin’s dismal performance this year has tempered the optimism typically associated with this period. Historical Trends Fail to Deliver The concept of a Santa Claus rally —a price increase in the final trading days of December through early January—has been a recurring trend in previous market cycles. Notably, in 2016 and 2020, Bitcoin saw substantial gains between Christmas and New Year, years that marked the peaks of respective market cycles. A recent CoinGecko study highlighted that from 2014 to 2023, crypto markets experienced a Santa Claus rally in eight out of ten instances. During these years, total crypto market capitalization surged by 0.7% to 11.8% in the week spanning December 27 to January 2. However, the absence of a rally in 2021, a year that marked the peak of the previous cycle, underscores a key point: Bitcoin’s December performance is heavily influenced by broader market conditions. With 2025 expected to be the next cycle’s peak year, the lack of festive cheer this year aligns with historical patterns of mid-cycle corrections. Volatility and Sentiment Signal Potential Recovery Adding to market uncertainty, around $18 billion worth of Bitcoin and Ether options contracts are set to expire on December 27. This could introduce major volatility, potentially impacting Bitcoin’s short-term price movements. Meanwhile, Bitcoin’s social sentiment reached its lowest level this year on December 22. Interestingly, such negative sentiment often precedes a recovery, as market conditions stabilize and investors regain confidence. While December has failed to deliver the hoped-for rally, traders remain cautiously optimistic about Bitcoin’s long-term trajectory , with eyes set on the patterns leading into 2025’s anticipated market peak. The post Bitcoin December Struggles: No “Santa Claus Rally” as Price Slumps appeared first on TheCoinrise.com .
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UAE Retail Investors Eye Increased Crypto Investments in 2025
A survey conducted by trading platform eToro revealed that many retail investors in the United Arab Emirates (UAE) are planning to expand their investments in crypto assets in 2025. The survey, which included 1,000 UAE-based retail investors, aimed to identify their financial goals for the upcoming year. According to the results, 54% of respondents listed financial objectives as their primary New Year’s resolutions, ranging from stock investments to buying more cryptocurrencies. Approximately 40% of participants expressed plans to increase their exposure to stocks, bonds, and commodities, while 38% aimed to invest in real estate. Meanwhile, 37% revealed their goal to boost crypto investments. Strategies for Achieving Financial Goals When asked about their strategies to meet these objectives, 51% of respondents said they would increase their overall savings or investment contributions. Additionally, 41% planned to implement detailed budget and expense tracking, while 38% aimed to adopt more mindful and frugal lifestyles. A further 28% stated they would cut back on shopping and dining out to save money. Some respondents also emphasized increasing their earnings. About 32% planned to start side hustles, while 28% intended to switch careers to secure higher salaries. eToro regional manager George Naddaf commented on the survey results, saying they reflect an innovative approach to wealth building. “2025’s resolutions highlight a proactive approach to not just financial security but also a desire for self-improvement and adaptability,” Naddaf said. He also noted that the UAE demonstrates a forward-thinking mindset, focusing on financial resilience and personal growth. Commitment to Personal Development Beyond financial goals, many survey participants prioritized personal development. The results showed that 41% were strongly committed to self-improvement, while 34% focused on health and well-being. Key areas of interest included fitness, professional growth, and strengthening social or family connections. The Coin Rise
Raoul Pal Predicts Strong Trends in the Cryptocurrency Market by End of 2024
Raoul Pal predicts strong upward trends in cryptocurrencies by the end of 2024. He warns about liquidity tightening impacting market corrections. Continue Reading: Raoul Pal Predicts Strong Trends in the Cryptocurrency Market by End of 2024 The post Raoul Pal Predicts Strong Trends in the Cryptocurrency Market by End of 2024 appeared first on COINTURK NEWS . The Coin Rise
