Cardano, Polkadot Advance as Crypto Market Rallies Ahead of Christmas

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.