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no one’s talking about this SANTA CLAUS GATHERING pushing crypto to $90,000 🎅🚀 BoJ rate
classic ‘Santa Claus gathering’ narrative: investors piling in pre-Christmas, fueling the uptrend. BoJ rate hike news also influencing buying
The crypto market is surging today, with Bitcoin hitting $90,000 and Midnight (NIGHT) up 11%. Other leaders in this rally include Avantis (AVNT), Audera (BEAT), and Meteora. 📈
One reason for the rally is the hope of a Santa Claus gathering, a phenomenon where assets surge before Christmas. Historical data on this is mixed, with some reports supporting it. Investors are buying coins, expecting the uptrend to continue. 🎅
Investors are also buying amid the BoJ’s rate hike decision, causing assets to rebound. Futures open interest in the crypto sector is rising, indicating increased demand and potential risks. 📈
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