(BTC) bounced back above the psychological level at $50,000 and the S&P 500 hit a new all-time closing high on Dec. 23, suggesting that the Panic selling due to the Omicron variant is subsiding and the much-awaited “Santa rally” may have started.
Data from on-chain analytics firm Glassnode shows that about 100,000 Bitcoin are going from “liquid” to “illiquid” state every month, which means that the Addresses will receive coins “with little history of spending.” This suggests accumulation by investors.
Everyday cryptocurrency market performance. Source: Coin360Daily chart of BTC/USDT Source: TradingViewDaily chart of ETH/USDT TradingViewDaily chart BNB/USDT TradingViewDaily chart of SOL/USDT Source: TradingViewDaily Chart ADA/USDT Source: TradingViewDaily chart of XRP/USDT TradingViewDaily chart of LUNA/USDT Source: TradingViewChart of the AVAX/USDT every day. TradingViewChart of the DOT/USDT every day. Source: TradingViewDaily chart of DOGE/USDT Source: TradingView
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