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General news+No image 2025-11-17 13:47:44

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Recently, the leading crypto asset Bitcoin (BTC) has succeeded in a partial rebound. As a result, the market is saying that Bitcoin has laid the groundwork for a 'Santa rally (December upswing).' On the 11th (Korea time), crypto-focused media CoinDesk reported that industry experts expect a combination of the U.S. Federal Reserve's (Fed) easing of tightening and accumulation by long-term holders is creating momentum for Bitcoin. December has historically been a strong month for Bitcoin. According to CoinGlass, Bitcoin finished December higher in 6 of the past 8 years. Nick Luck, director at LVRG Research, said, "Investors are shifting from panic selling to strategic accumulation," and added, "Fed rate cuts and increased institutional participation could bring about a strong Santa rally." U.S. President Donald Trump's stimulus plan also adds strength to the December upswing. Earlier, President Trump announced on Truth Social that he plans to use tariff revenues to pay a $2,000 dividend per person to all citizens except high-income earners. Augustin Pan, head of SignalPlus Insights, forecasted, "(This dividend) is a cash payment similar to the COVID-19-era stimulus measures, and could have a positive impact on risky assets broadly." Meanwhile, as of 3:21 p.m. that day, Bitcoin was trading at $105,209, down 0.93% from the previous day, according to CoinMarketCap.

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