Truth be told, this is a joyous Christmas EVE for all the Crypto Lovers.
Since the 15th of December:
- Bitcoin up 36%
- Ethereum up 97%
- ETC up 72%
- XMR up 56%
- ZEC up 51%
- DASH up 84%
- Litecoin up 65%
Concurrently, this cannot be applied to stocks though... In fact, the Longest Bull Market In History Is Over
Finally, it appears that Crypto has again broken free from its correlation to the general Stock Market and seems to be acting as a sort of Hedge instead.
This context here should interest you:
The S&P crashed below its bear market level of 2352.7
- the lowest since April 2017, ending the longest bull market in history
This is the worst December for the S&P 500 since The Great Depression (and there are still a few more days left).
And just because it's worth mentionning to all the Crypto Haters:
This is not ICOs, this is NASDAQ % drop from ATHs. Scam? GOPRO -95% FIT -92% LC -91% SNAP -83% P -80% ZNGA -77% HIVE -73% TRUE -66% TWTR -63% SONO -60% DBX -57% Z -57% PS -50% FTCH -49% PSTG -48% SPOT -48% BOX -46% DOCU -45% SVMK -45% FB -42%"
Merry Christmas Indeed, great and exciting times are ahead of us!!!
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Wishing you the best of the holiday season.