Crypto community expresses Christmas market sentiments: 'No Santa rally'

Traders looking guardant to a rally during Christmas were disappointed arsenic the markets turned retired to beryllium dependable arsenic galore celebrated the holidays. Crypto assemblage members expressed their disappointment by sharing memes, with immoderate adjacent employing their creativity done poetry. 

On Dec. 23, Data tracker Coinstats shared an representation showing affirmative marketplace movements and floating the thought of a imaginable “Santa Claus rally.”

Is that the opening of the Santa Claus Rally? pic.twitter.com/zf1WDNaGpm

— CoinStats (@CoinStats) December 23, 2022

However, with Bitcoin’s volatility scale hitting grounds lows connected Dec. 25, immoderate thoughts of having a merry BTC rally connected Christmas were enactment to a stop. Data from Cointelegraph Markets Pro showed that the apical crypto hovered astir $16,800 connected holiday. 

A assemblage subordinate pointed retired that the deficiency of a rally this Christmas whitethorn beryllium due to the fact that of the controversies that surrounded centralized exchanges similar FTX and Binance this year. Adding creativity to the mix, analytics instrumentality CMM shared poesy inspired by the FTX illness involving the firm’s erstwhile CEO, Sam Bankman-Fried.

Roses are red.
Your PNL is too.
Santa isn't coming tonight.
SBF liquidated him too.

— CMM (@CoinMarketMan) December 24, 2022

Meanwhile, different assemblage subordinate hinted the deficiency of Christmas gifts whitethorn beryllium due to the fact that Santa was affected by the crypto dips arsenic well. On the different hand, immoderate Twitter users expressed vexation by sharing memes. 

Thanks for the “Christmas pump” Santa. pic.twitter.com/B6Q4O96kgw

— Mr. Backwards (@Coin_Shark) December 26, 2022

One shared a photograph of a feline doing a thumbs-up portion thanking Santa for the “Christmas pump” that didn’t happen. Another shared a photograph of a scientist supposedly treating a crypto trader for believing successful a Santa rally. 

Related: 4 ‘emerging narratives’ successful crypto to ticker for: Trading firm

While the crypto markets were astatine a standstill, atrocious actors wrong the abstraction continued their work. In a caller exploit, astir $8 cardinal successful assets were compromised due to the fact that hackers hijacked an APK of the BitKeep wallet. The squad urged its assemblage members to transportation their funds to wallets downloaded from authoritative sources similar the Apple App Store oregon Google Play.

Apart from this, different exploit was conducted by hackers linked to North Korea’s Lazarus Group. The attackers allegedly launched a wide phishing campaign that targeted nonfungible token (NFT) users. The hackers launched astir 500 phishing domains to lure their victims and bargain their NFTs.