Crypto analyst predicts Santa Claus rally, end of year looks good

Though the crypto market has so far failed to recover from the shock of the October crash, a leading analyst thinks the current setup looks bullish for a Santa Claus rally. A widely believed phenomenon in traditional markets, a Santa Claus rally is a calendar effect in which stock prices rise during the last five trading days in December around Christmas and the first two trading days in the following January. The phenomenon, driven by year-end optimism and portfolio rebalancing, is also extended to the ...