The January Effect and New Capital: Why Bitcoin (BTC) and other Cryptos Are in the Green

Many crypto enthusiast and traders were aware that there might be massive volatility as we headed into the Holiday Season of 2018. Many had expected a Santa Claus rally or a false breakout as many traders were cashing out to spend time with family. By December 24th, Bitcoin (BTC) was trading at $4,200 and up $1,000 since its recent low of $3,200 on the 15th of December.

However, the excitement before Christmas got exhausted a few hours later with the King of Crypto dropping to $3,600 by the 28th of December: a drop of 14.2% from the earlier mentioned $4,200.

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