Crypto group expresses Christmas market sentiments: 'No Santa rally'


Merchants trying ahead to a rally throughout Christmas have been upset because the markets turned out to be regular as many celebrated the vacations. Crypto group members expressed their disappointment by sharing memes, with some even using their creativity via poetry. 

On Dec. 23, Knowledge tracker Coinstats shared a picture displaying constructive market actions and floating the concept of a possible “Santa Claus rally.”

Is that the start of the Santa Claus Rally?

— CoinStats (@CoinStats) December 23, 2022

Nevertheless, with Bitcoin’s volatility index hitting file lows on Dec. 25, any ideas of getting a merry BTC rally on Christmas have been put to a cease. Knowledge from Cointelegraph Markets Professional confirmed that the highest crypto hovered round $16,800 on vacation. 

A group member identified that the shortage of a rally this Christmas could also be due to the controversies that surrounded centralized exchanges like FTX and Binance this yr. Including creativity to the combo, analytics software CMM shared poetry impressed by the FTX collapse involving the agency’s former CEO, Sam Bankman-Fried.

Roses are purple.
Your PNL is simply too.
Santa is not coming tonight.
SBF liquidated him too.

— CMM (@CoinMarketMan) December 24, 2022

In the meantime, one other group member hinted the shortage of Christmas presents could also be as a result of Santa was affected by the crypto dips as effectively. Then again, some Twitter customers expressed frustration by sharing memes. 

Thanks for the “Christmas pump” Santa.

— Mr. Backwards (@Coin_Shark) December 26, 2022

One shared a photograph of a cat doing a thumbs-up whereas thanking Santa for the “Christmas pump” that didn’t occur. One other shared a photograph of a psychologist supposedly treating a crypto dealer for believing in a Santa rally. 

Associated: 4 ‘rising narratives’ in crypto to look at for: Buying and selling agency

Whereas the crypto markets have been at a standstill, dangerous actors inside the house continued their work. In a current exploit, round $8 million in belongings have been compromised as a result of hackers hijacked an APK of the BitKeep pockets. The crew urged its group members to switch their funds to wallets downloaded from official sources just like the Apple App Retailer or Google Play.

Other than this, one other exploit was carried out by hackers linked to North Korea’s Lazarus Group. The attackers allegedly launched a large phishing marketing campaign that focused nonfungible token (NFT) customers. The hackers launched round 500 phishing domains to lure their victims and steal their NFTs.


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