Bitcoin is Сurrently Trading Below $17,000. And This Is How Cryptos Might Get a Santa Claus Rally.

Dec 28, 2022

Bitcoin is Сurrently Trading Below $17,000

Bitcoin and other cryptocurrencies were little changed Tuesday amid sluggish trading in the 24-hour cryptocurrency world during the Christmas season. However, digital assets could see a Santa Claus rally if the stock market cooperates.

"Bitcoin seems to have found a home between $16,000 and $17,000," Edward Moya, an analyst at broker Oanda, said in a note before the weekend, and little has changed since then. The Bitcoin price has remained unchanged over the past 24 hours, around $16,850.

https://liquidity-provider.com/app/uploads/2022/12/unnamed-1.png

For over a week, the biggest cryptocurrency bounced between $16,500 and $17,000 as financial markets entered the seasonal slowdown. Bitcoin is now well above recent lows at $15,500, which were caused by panic selling following the bankruptcy of crypto exchange FTX last month, but it has also struggled to hold onto any short-term gains over $17,000, much less a recent brief jump above $18,000.

On the other hand, crypto traders can hope for a Santa Rally. The term refers to a spike in the US stock market that often occurs in the last five trading days of the year and the first few sessions of the new year. This year's window was open last Friday, December 23, and will close on January 4.

This year, cryptocurrency and equities have grown deeply bound, with Bitcoin largely swinging in lockstep with the Dow Jones Industrial Average and S&P 500. The gloomy macro background of high inflation, increasing interest rates, and anticipated recession risks in 2022 is to thank, or blame, for lowering demand for all risk-sensitive assets.

However, the same characteristics that have brought equities and digital tokens together are also endangering the Santa rally, with experts questioning if investors can drive stocks to a last positive spike as obstacles continue to overshadow the market.

At least on Tuesday, things were looking up. Futures on the major U.S. indexes were climbing on optimism about China relaxing Covid-19 restrictions, which have hurt global development, and data from last Friday showing that U.S. inflation has continued to decline.

Beyond Bitcoin, the second-largest cryptocurrency, Ether, was up less than 1% at $1,220. Smaller cryptos or altcoins performed better, with Cardano and Polygon both increasing by approximately 2%. Memecoins were quieter, with Dogecoin down 1% and Shiba Inu up less than 1%.

Subscribe Our Newsletter

Tesla Is a Goldman Sachs Top Pick for 2022. The Stock Is Dropping Anyway
Tesla Is a Goldman Sachs Top Pick for 2022. The Stock Is Dropping Anyway

Wall Street is becoming more upbeat on Tesla shares, but the increased confidence among analysts hasn't been enough to boost the price, given investor concerns about increasing interest rates.

Companies
Zoom stock forecast: Citi analyst Tyler Radke maintained a Sell rating on the company while setting a "negative catalyst watch" on the shares.

Milena

Zoom Stock Forecast: Declining Shares Due to Weakening Demand.

Zoom stock forecast: Citi analyst Tyler Radke maintained a Sell rating on the company while setting a "negative catalyst watch" on the shares.

Stocks
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Alexander

What Was The DAO? The Story of Infamous Hack
The DAO was a pioneering project built on the Ethereum blockchain. In 2016, it suffered a major hack, resulting in the loss of millions of dollars worth of ETH.

discover
The Dollar Milkshake Theory: Could the US Dollar Become Even Stronger?

Alexander

The Dollar Milkshake Theory: Could the US Dollar Become Even Stronger?

The Dollar Milkshake Theory is receiving a great deal of attention in the financial world due to its unique perspective on the US dollar's future.

Investing
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Сonstantine

    Best Crypto to Buy Now: Guide for Investors

    Best Crypto To Buy Now

    Hazem

    Grok vs ChatGPT: What’s the Best AI Assistant You Need in 2025

    Grok vs ChatGPT

    Сonstantine

    How to Choose the Right Liquidity Provider for Your Brokerage

    How to Choose the Right Liquidity Provider for Your Brokerage

    Сonstantine

    Low-Latency Trading Defined: Speed, Strategy and Technology

    Low-Latency Trading Explained

    Hazem

    How Liquidity Depth Affects Slippage in High-Volume Trading

    Liquidity depth and slippage in trading

    Hazem

    What is FIX API Liquidity Connection and How Does it Power Institutional Trading?

    FIX API in institutional trading

    Сonstantine

    OTC Trading Strategies and Technologies to Succeed in Over-the-Counter Markets

    OTC Trading Strategies

    Alexander

    What is OTC Trading? A Complete Guide for 2025

    what is OTC

    Alexander

    Synthetic Futures: A Trader’s Guide to Replicating Positions with Options

    How to Trade Synthetic Futures

    Сonstantine

    Order Book Depth: What It Is And Why It Matters?

    Order Book Depth What It is And Why It Matters

    Alexander

    Spot vs Perpetual Futures: Which Is Right for You?

    Spot vs Perpetual Futures explained

    Hazem

    5 Reasons Traders Are Switching to Perpetual Futures

    5 Reasons to Switch to Perpetual Futures

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.