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A review of six years of data shows that five cryptocurrencies of large and mid-cap most gain in December, but the success of the “Rally of Santa” is grouped in specific bull years and recovery rather than every Christmas.
The analysis covers December performance from 2019 to 2024. Focus on USD returns for Bitcoin, Ethereum, Binance Coin, Litecoin and Monero.
Bitcoin: Big moves in December during bull market cycles
Bitcoin had its strongest performance of December 2020, rising about 48% from around $19,700 to $29,000. Another strong December increase was recorded in 2023, adding about 12% as the best ETF returns.
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In contrast, Bitcoin fell by about 5% in December 2019 and about 19% in 2021. It fell by about 4% in 2022 and 3% in 2024.
The pattern is clear. Bitcoin rises in December They appear mainly in the strong bull or recovery phase, and not during periods of stress or stress in the late cycle.
Around Christmas, the biggest moves are usually after the holidays. In 2020 and 2023, the week after Christmas was better than the week before.
Ethereum: Follow the cycle of Bitcoin, with a strong performance in 2020 and 2023
Ethereum showed a similar pattern in December to Bitcoin, with notable gains in 2020 and 2023. In December 2020, ETH rose about 21%, from about $615 to $750.
During December 2023, Ethereum added about 11%, following the broader recovery of the market. Both increases coincided with improved general morale and increased networking activity.
However, Ethereum fell sharply In recession or late cycle years. It fell about 15% in December 2019, 20% in 2021, and about 8% in 2024, with a smaller drop of 8% in 2022.
In general, Ethereum tends to see growth in December when liquidity is abundant and risk appetite is high. When economic conditions tighten, their December performance quickly turns negative.
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BNB: Big December events in 2020 and 2023
The coin formerly known as Binance Coin shows some of the biggest gains in December in the data sector. BNB rose by about 19% in December 2020, as volumes on Binance increased in the late period of the bull market.
Its biggest move was in December 2023, jumping about 37% from about $228 to $312. This growth was followed by an improvement in the clarity of Binance’s legal position and a recovery in spot trading volumes.
However, BNB also suffered a significant decline in December. It fell by about 13% in 2019, 18% in 2021 and another 18% in 2022 during the exchange FUD.
BNB recorded in December High in beta. When the sentiment becomes positive, Bitcoin rallies outpace Bitcoin, but its losses are deeper during periods of stress.
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Litecoin: High Beta Classic Game in December
Litecoin acted as a bullish bet on market sentiment in December. Its strongest month was December 2020, when LTC increased about 42%, from about $88 to $125.
The movement of Bitcoin followed and greater support for payments followed, including the introduction of digital currencies via PayPal. Litecoin’s role as a trading “digital silver” was proven during the bull market holidays.
So Litecoin had a hard time In the following years. It decreased by about 13% in 2019, about 30% in 2021 and about 12% in 2022.
However, it recorded a slight gain of about 5% in December 2023 and an estimate of 7% in 2024. These smaller setbacks show that Litecoin still benefits from risk-off periods at the end of the year, especially around the fork narrative.
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Monero: A quiet but stable holiday powerhouse
Monero has defensive but positive patterns in December. It increased about 15% in December 2020 and about 9% in December 2022 while many currencies fell.
Monero also stood up About 10% in December 2023, passing from the middle of $ 160 versus $ 180. The decrease in December in other years was relatively light compared to the main altcoins.
This resistance likely reflects the stable transaction demand and its privacy use case. Monero tends to act as a defensive cryptocurrency asset during periods of exchange fear or regulation.
During the 2019-2024 period, Monero avoided severe December crashes and usually ended the month higher. This makes it one of the consistent performers of the end of the year among the mid-cap currencies.
Santa raises are selective, not guaranteed
The data shows that these five currencies performed strongly on several occasions in December, especially in 2020 and 2023.
However, each currency also recorded negative returns in December in at least one year.
The demonstrations are grouped into emerging economic environments and recovery phases. Meanwhile, December periods of bear markets reward defensive assets like Monero and sometimes Litecoin.
The message to traders is clear. There is a historical strength in December, but the economic background of each year and the news of the project always decide whether Christmas will be green.
