S&P 500's Santa tradition offers hope to battered Bitcoin (BTC) bulls
The S&P 500's historical Santa rally may offer optimism for Bitcoin bulls due to increased institutional adoption via ETFs.Summary
Bitcoin bulls, facing the toughest fourth quarter since 2022, are looking toward the S&P 500's 'Santa rally'—an upswing during the last five trading days of December and the first two of January—for potential relief. Since 2005, the S&P 500 has rallied 15 out of 19 times during this period, averaging a 0.58% return, and historically, it has risen 77% of the time since the 1950s. This potential stock market boost is increasingly relevant for BTC because institutional adoption through ETFs has tightened the link between digital assets and equities, suggesting a festive bid in stocks could spill over into crypto. While Bitcoin's own Santa Claus rally history is mixed, averaging 7.9% since 2011, gold has been the top performer during this period, reaching new all-time highs above $4,400 an ounce, whereas the S&P 500 is near its records, and Bitcoin remains about 30% below its peak.
(Source：CoinDesk)