Bitcoin Traders Now Target $120K as Bullish 'Santa Claus Rally' Gains Steam

Quick Summary:

Data from the past eight years shows that bitcoin ended December in the green six times since 2015, running at least 8% to as much as 46% (in the outlier year of 2020).

And given Trump's pro-crypto appointments, continued rate cuts, and stimulus spending from China, there are a lot of reasons to be bullish,” Mei added.

Once that happens, crypto inflows could skyrocket.

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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Markets: United StatesChinaCuba

Topics: Policy Crypto Recent Bitcoin Asset Traders December Year Coindesk Increased Bullish

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 06:37:50 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 429 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 24426949

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