Bitcoin's record 'fuels traders' hopes for a sustained and potential Christmas rally during the cottage-coin season'. And according to CoinGecko, cryptocurrencies have risen around Christmas in eight of the last 10 years.

In addition, Nexo analyst liya Kalchev predicts that the price of ethereum should reach $5,000 by early 2025

It's interesting to see how Bitcoin's record is fueling hopes for a Christmas rally. The historical data also suggests a correlation between Christmas and cryptocurrency prices. With predictions like Nexo's $5,000 Ethereum target, the next few months could be exciting for traders.