Five Cryptocurrencies That Often Rally Around Christmas
An analysis of six years of data shows five cryptocurrencies often rally in December, but success is clustered in bull or recovery years.Summary
A six-year data review (2019-2024) focusing on USD returns for Bitcoin, Ethereum, Binance Coin (BNB), Litecoin, and Monero reveals that while some cryptocurrencies often see a "Santa rally" in December, these gains are not guaranteed and cluster heavily in strong bull or recovery years, notably 2020 and 2023.
Bitcoin and Ethereum followed similar patterns, posting significant gains in 2020 and 2023, but suffering losses in bearish years like 2019, 2021, and 2022. BNB showed high beta, with explosive rallies (like 37% in Dec 2023) but also deep drawdowns during stress periods. Litecoin acted as a leveraged play, surging 42% in December 2020, but generally struggled in later bearish Decembers.
Monero stood out for its relative consistency, showing defensive strength with positive returns in several years, including 2022 when others fell, likely due to steady transactional demand for its privacy features. The overall conclusion is that while historical December strength exists for these five coins, the macro environment dictates performance, with rallies favoring risk-on phases and defensive assets performing better during stress.
(Source：BeInCrypto)