Traders looking forward to a rally during Christmas were disappointed as the markets turned out to be steady as many celebrated the holidays. Crypto community members expressed their disappointment by sharing memes, with some even employing their creativity through poetry.
On Dec. 23, Data tracker Coinstats shared an image showing positive market movements and floating the idea of a potential “Santa Claus rally.”
Is that the beginning of the Santa Claus Rally? pic.twitter.com/zf1WDNaGpm
— CoinStats (@CoinStats) Gruodis 23, 2022
However, with Bitcoin’s volatility index hitting record lows on Dec. 25, any thoughts of having a merry BTC rally on Christmas were put to a stop. Data from „Cointelegraph Markets Pro“ showed that the top crypto hovered around $16,800 on holiday.
Bendruomenės narys nukreiptas out that the lack of a rally this Christmas may be because of the controversies that surrounded centralized exchanges like FTX and Binance this year. Adding creativity to the mix, analytics tool CMM shared poetry inspired by the FTX collapse involving the firm’s former CEO, Sam Bankman-Fried.
Rožės yra raudonos.
Your PNL is too.
Santa isn’t coming tonight.
SBF liquidated him too.— CMM (@CoinMarketMan) Gruodis 24, 2022
Tuo tarpu kitas bendruomenės narys užsiminė the lack of Christmas gifts may be because Santa was affected by the crypto dips as well. On the other hand, some Twitter users expressed frustration by sharing memes.
Thanks for the “Christmas pump” Santa. pic.twitter.com/B6Q4O96kgw
— Mr. Backwards (@Coin_Shark) Gruodis 26, 2022
One shared a photo of a cat doing a thumbs-up while thanking Santa for the “Christmas pump” that didn’t happen. Another dalijamasi a photo of a psychologist supposedly treating a crypto trader for believing in a Santa rally.
Susiję: 4 nauji kriptovaliutų pasakojimai, į kuriuos reikia atkreipti dėmesį: Prekybos įmonė
While the crypto markets were at a standstill, bad actors within the space continued their work. In a recent exploit, around $8 million in assets were compromised because hackers hijacked an APK of the BitKeep wallet. The team urged its community members to transfer their funds to wallets downloaded from official sources like the Apple App Store or Google Play.
Apart from this, another exploit was conducted by hackers linked to North Korea’s Lazarus Group. The attackers allegedly launched a wide phishing campaign that targeted nesukeliamas ženklas (NFT) users. The hackers launched around 500 phishing domains to lure their victims and steal their NFTs.
Source: https://cointelegraph.com/news/crypto-community-expresses-christmas-market-sentiments-no-santa-rally