ncrypt | web3 research

On December 19, the price of Bitcoin, Ethereum, XRP (XRP), BNB (BNB) and many other leaders in digital asset capitalization fell sharply.

The reason for this fall could be the speech of the US Federal Reserve Chairman Jerome Powell.

“The bullish narrative has been so strong over the past month that market participants have been completelу unprepared for the bad news. The Christmas bull rallу has not started as we had hoped. It seems that short-term melancholу has set in,” said Swuftx lead analyst Pav Gundal.

However, Gundal remains optimistic that the Santa Claus pump could start closer to Christmas on December 25. He is convinced that the digital asset market will attract capital in preparation for the inauguration of Donald Trump, scheduled for January 20, 2025.

I like this phrase “the Santa Claus pump could start closer to Christmas on December 25” 😀🎅🏻
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