Cardano, Polkadot Advance as Crypto Market Rallies Ahead of Christmas
- Date: 25-Dec-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Cardano, Polkadot Advance as Crypto Market Rallies Ahead of Christmas
A ‘Santa rally’ ahead of Christmas gripped crypto markets on Friday with most large-cap coins showing gains over 24 hours.
Bitcoin, ether and binance coin, three of the largest cryptocurrencies by market value, added almost 4%, setting the theme for a larger move among alternative currencies, or altcoins.
Liquidity across exchanges for bitcoin fell to under $8 billion on Thursday, as reported. The trend mirrors a historic theme across markets ahead of the holiday season: Trading volumes drop and volatility is enhanced, leading to extreme prices movements in either direction.