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Christmas is over, and apparently retail is flush with cash. What are the unwashed spending their Xmas spoils on? Is the crypto market poised for a post-Santa rally? Covered: Christmas Crypto Market Market Up Post-Christmas Signs Of An Improving Crypto Market Christmas Crypto Market Up What did you spend your Christmas money this year? Looks […]
The post Christmas Crypto Market Update appeared first on CryptosRus.
Picking a perfect gift for the holiday season and sending it online isn’t always an easy task, especially when you
The post has appeared first on thenewscrypto.com
A father of a 19-year-old boy might have taken time out of his day to write to an advice columnist about his disappointment over receiving an NFT for Christmas. #firstworldproblems Covered: NFT For Christmas NFTs v. Advice Columnist Father Equates NFTs to Drugs Columnist’s Surprising Answer NFTs v. Advice Columnist Robert, a father of a […]
The post Son Buys Dad NFT For Christmas; Father Underwhelmed, Compares NFTs To Drugs appeared first on CryptosRus.
Bitcoin (BTC) held $50,000 into Dec. 25 as BTC bulls avoided an unwelcome Christmas Day surprise. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Bears become bulls” short term? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining $50,000 support into the weekend, having ranged after local highs above $51,500. The pair was calm as the […]
“Santa Mac” Jones gifts his entire offensive line Bitcoin for Christmas. Who are you gifting some Bitcoin to this Christmas? Covered Patriots QB Mac Jones Gifts Bitcoin To His Entire Offensive Line Patriots QB Mac Jones Gifts Bitcoin To His Entire Offensive Line The rookie quarterback for the New England Patriots, Mac Jones, is giving […]
The post Mac Jones Gifts Bitcoin To His Entire Offensive Line For Christmas appeared first on CryptosRus.
The classic poem remade for the crypto space, to remind readers it's all about the HODLing this holiday season.
CNBC personality Jim Cramer has been pushing the possibility of a so-called “Santa Claus rally” across the stock market. But could this holiday-related trend have an impact on Bitcoin and cryptocurrencies? Mad Money Host Calls For “Santa Claus Rally” Bitcoin has taken a beating, down substantially from what most of its backers believed the year would be closing at. The stock-to-flow model was predicting anywhere between $100,000 to $288,000 per coin, but instead the top cryptocurrency by market cap is below $50,000 or around half of the lower of the two targets. Related Reading | Could An Elon Musk Time Magazine Cover Predict The Crypto Cycle Peak? But the year isn’t yet over, and a potential Santa Claus rally narrative is slowly spreading across the world of stocks. CNBC Mad Money host Jim Cramer is giving the idea heavy press. First, he tweeted explaining that today is the day it would normally start. Historically today is the day the Santa Claus rally starts. It worked even during 2007-2009. So it is hard to doubt.. — Jim Cramer (@jimcramer) December 21, 2021 On Squawk Box, Cramer later revealed that if “you bought today and you just held on even for six days, you made money almost every single year.” According to Investopedia, a Santa Claus rally “describes a sustained increase in the stock market that occurs in the last week of December through the first two trading days in January.” Statistics show that there is a remarkably higher probability of strong performance during these key dates based on the S&P 500. Such rallies are retail driven, and occur for various reasons which include: Increased investor enthusiasm around the holidays A low volume environment due to holidays and vacations More sophisticated short-sellers are on vacation The end of tax-loss harvesting by institutional or wealthy investors But does such a phenomenon work for Bitcoin and crypto? Ho ho how much could crypto climb? | Source: BTCUSD on TradingView.com Will Bitcoin Climb This Christmas Into The New Year? Reviewing past statistics related to Bitcoin price action around the last week of December into the first two trading days of January, data shows there is a lower probability of a Santa Claus rally in crypto than in stocks. Only four years during such timeframe have been positive for Bitcoin, with the most recent occurring last year. With far less data available than in the S&P 500, anything is still possible when it comes to speculative digital assets. Related Reading | Bitcoin Falls Flat: Examining A Rare Bull Market Corrective Pattern Other seasonal type data related to this very day might prove to be more profitable. Today also is the Winter solstice, which in the past has been in close proximity to either a top, bottom, or a break of all-time high. The Winter Solstice and Fibonacci | Source: BTCUSD on TradingView.com With this Winter solstice having failed to produce the peak of a rally, it could – like it has in the past – instead put in a short-term bottom that runs until the next equinox. And its possible that it starts with a Santa Claus rally. Crypto is notoriously low volume compared to other markets, especially during holidays. The presence of institutional tax loss harvesting and more advanced short hedge positions could have kept Bitcoin price down during the December month, but with that out of the way, retail could push prices up in the near term. However, according to the person who first mentioned a Santa Claus rally in The Stock Trader’s Almanac in 1972, Yale Hirsch, the rally itself isn’t what’s important. It is what arrives in the year that follows that matters. “What’s important is not to catch this little rally but to use it as indication for what may happen in the coming year,” he said, calling it “an early indicator for the year to come.” Hirsch’s father even came up with a phrase to help remember: “If Santa clause should fail to call, bears may come to Broad and Wall.” I'm dreaming, of a green Christmas. With every #Christmas chart I draw. When #Bitcoin tops are possible; altcoin season, probable. Flip bear, then short it once again. pic.twitter.com/1wV6JYy4Vx — Tony "The Bull" Spilotro (@tonyspilotroBTC) December 15, 2021 Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com
Vodafone is making its entry into the NFT ecosystem by auctioning the world’s first Short Message Service (SMS), which reads “Merry Christmas.” (Read More)
Bitcoin (BTC) remains below $50K. Possibilities for hitting $100K are down. Santa Rally hasn’t occurred till now, the overall crypto
The post has appeared first on thenewscrypto.com
The trader deposited $100,000 into its FTX account and secured nearly $34,000 in net profits.
Christmas is just around the corner and Cardano founder Charles Hoskinson is already in the Christmas spirit. The founder went live on YouTube on Monday to do another surprise AMA where he answered questions from the community. As usual, Hoskinson responded to a number of questions from community members who asked about the Cardano project. What Cardano Founder Wants For Christmas During the AMA, Hoskinson gave a rundown of what he would like for Christmas and it was not your usual itemized list of stuff people want for Christmas. Instead, Hoskinson decided to address a pressing issue in the crypto space and that is the divide that is very much present among investors of different projects. Related Reading | Cardano Records Over 20 Million Transactions Ahead of DEX Launches Cardano has been one of the harder hit projects when it has come to FUDs in recent times. The project had been subjected to what can be described as hateful comments all-around social media especially since its token ADA began its two-month-long decline. To this end, Hoskinson wants everyone in the crypto industry to start getting along. “The one thing I want for Christmas is for everyone to start getting along in our industry. It’s extraordinary to me that when people are so close in philosophy and viewpoint, and in some cases technology, they can be so far apart as people. It’s extraordinary,” the founder said. ADA trending low at $1.4 | Source: ADAUSD on TradingView.com Pushing For Better Systems Going Forward Hoskinson also addressed the systems that have kept investors against each other for years. He said that the crypto space is where this is more prominent as other industries do not see as much hate between each other as the crypto industry. Related Reading | Number Of Cardano Wallets Staking ADA Crosses 1 Million “You don’t see this in other industries,” Hoskinson said. “You don’t see in physics or biology, or cellphone manufacturing, or whatever, pick an industry, the amount of tribalism, hate, and vitriol that our industry has for each other.” The founder went on to explain that as long as people keep hating each other, there will be no way to fight the real enemy, which he identified as the legacy systems. He said this system has held down three billion people and will continue to do so. The founder also acknowledged that this will not be easy as there will always be those who try to divide others in the space. Hoskinson explains that there will be books and podcasters saying things to divide people. Even on social media, where the majority of the vitriol will be spilled. However, it is up to everyone in the industry to take a stand and put a stop to the hate. “That has to stop and the only way it’s going to stop is if we get better systems that are more fair. And the only way we do that, is we have to work together. So, we’ll see, 2022, whether that’s accomplished.” Featured image from Yahoo Money, chart from TradingView.com
Bitcoin, Dogecoin and Ether lead the list as the most popular cryptocurrencies Americans plan to gift during the holiday season.
“The cryptocurrency bull market has been good to all of us in this industry and this holiday season is the perfect time to pay it forward,” said Unbanked co-CEO Ian Kane.
BingX launches its Christmas Gala Night Last Stand 2021, an event comprising of multiple events and free giveaways from a pool prize over 550,000 USDT.
Bitcoin (BTC) is currently at a market correction phase. Price of BTC dropped down by 17% since its ATH .
The post has appeared first on thenewscrypto.com
Howells told Cointelegraph about his legal battle to recover a lost $773 million Bitcoin hard drive, which he plans to use to finance blockchain innovation.
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