The crypto assets market has shown a significant pump trend before the end of the year Christmas. Bitcoin has risen by 2.05% within 24 hours, with a trading price of 1,329,400,000 Korean Won.
Market investors' expectations for the so-called “Christmas rally” are increasing. Analysts believe that the well-known year-end stock price rise phenomenon in traditional financial markets—Christmas rally—may also have a positive impact on the Crypto Assets market.
On the other hand, as Bitcoin and Ethereum options worth approximately $2.7 billion are set to expire around December 26th, the market mentions that short-term price fluctuations may intensify.
The current trading price of Ethereum is 4.51 million won, pumping by 2.60%. The options market also shows a cautiously optimistic sentiment, continuing its strength in a volatile market.
Solana reached 189,000 Korean Won, recording an abnormal rise of over 4,700%. Analysts believe this is due to the recent increase in the usage of the Solana blockchain in the DeFi and NFT markets.
Ripple coin also rose slightly, with the current trading price at 2,862 Korean Won. The 1.54% rise maintains a relatively stable trend compared to the overall market. Ripple coin is gradually restoring market trust after the lawsuit with the U.S. Securities and Exchange Commission came to a close.
At the same time, as U.S. regulatory agencies approve legitimate Crypto Assets trading and custody, the long-term market outlook has added positive expectations. The U.S. Congress is advancing discussions on revisions to tax regulations related to Crypto Assets, and the improvement in the regulatory environment is expected to facilitate the influx of institutional investors in the future.
Crypto Assets market experts believe that regulatory clarity and acceptance by mainstream financial systems will help enhance market maturity.
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