What will we get for Christmas this year from the crypto markets? Will the prices make out Christmas happy, or will they make us a bit more worried? It has been a very nice December so far, even though there have been quite a lot of red days for at least the altcoins. And if we look on the price of Steem and Hive, it hasn't been a very good December at all, besides the few days with HIVE pump and when Steem reached $0.3.
But, what can we expect?
I asked ChatGPT who brought forth some historical data, and in general, December and the Christmas holiday is a time of volatility. Many companies take profit and liquidity positions they have, not to live with a big risk during Christmas. But, the fact that many don't trade a lot during Christmas further increase the possibility for volatility, as fewer people can make a bigger impact on the price, especially with low liquidity in work.
Source: Bing Designer
We have seen Christmas holidays with negative price impact, but also with positive. Knowing that we have seen a lot of good things happen since November, and also with Trump coming into position in January, it might be that people speculate on things going higher, but also seeing that the market has already pumped so much, it might be in for a breather and relaxing.
What do you think? Will the crypto prices help make your Christmas holiday a nice one, or will they bring you worries?