2 Key Drivers of a Surprise Year-End Crypto Rally
The cryptocurrency market has been in a particularly painful slump for the past ten days or so and has failed to produce the much-anticipated Santa Claus rally.
With the year coming to an end in just a few days, on-chain data actually shows that this could all change in a rather unexpected fashion.
Trading Volumes Mean Gains?
The broader end of 2024 was quite spectacular as BTC skyrocketed from under $70,000 to over $108,000 within less than two months after the US presidential elections. On a micro-scale, though, the asset has been struggling for the past ten days as it tumbled from that aforementioned all-time high to $92,000 in days and sits at $94,000 now.
Moreover, the trading volumes have slumped in the past week,…
