Editor's PiCK

"Bitcoin, Santa rally expectations↑…Fed easing of tightening·Trump stimulus measures in focus"

Source
Uk Jin

Summary

  • Bitcoin has recently partially rebounded, increasing expectations of 'Santa rally'.
  • It stated that the U.S. Fed's easing of tightening, accumulation by long-term holders, and increased institutional participation could form a strong upward momentum.
  • It was forecast that President Trump's stimulus package would act positively on December strength for Bitcoin and risk assets.

Recently, the leading virtual asset (cryptocurrency) Bitcoin (BTC) has managed a partial rebound. As a result, claims are emerging in the market that Bitcoin has laid the groundwork for a 'Santa rally (December strength).'

On the 11th (Korea time), crypto-focused outlet CoinDesk reported that industry experts forecast that a combination of the U.S. Federal Reserve (Fed)'s easing of tightening and accumulation by long-term holders is creating momentum for Bitcoin.

December is a month in which Bitcoin has historically shown strength. According to CoinGlass, Bitcoin closed higher in December in 6 of the past 8 years.

Nick Luck, director at LVRG Research, said, "Investors are shifting from panic selling to strategic accumulation," adding, "The Fed's rate cuts and increased institutional participation could drive a strong Santa rally."

U.S. President Donald Trump's stimulus measures also add strength to December's rally. Earlier, President Trump announced via Truth Social that he plans to use tariff revenues to pay a dividend of 2,000 dollars per person to all citizens excluding high-income earners. Augustin Pan, head of SignalPlus Insights, projected, "(This dividend) is a cash payment similar to the COVID-19 era stimulus measures and could have a positive impact across risk assets."

Meanwhile, as of 3:21 p.m. that day, Bitcoin was trading at 105,209 dollars, down 0.93% from the previous day, according to CoinMarketCap.

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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