S&P 500's Year-End Trends May Influence Bitcoin's Performance

According to Odaily, historical data suggests that the S&P 500 index often rises during the last week of December and the first two trading days of January. If this pattern repeats, it could potentially alleviate Bitcoin's current challenges, as it is experiencing its toughest fourth quarter since 2022. Market statistics reveal that since 2005, the S&P 500 has increased 15 times during the 'Christmas rally' period, with only five declines, averaging a 0.58% rise. However, Bitcoin's 'Christmas rally' history has been more volatile, with significant rebounds of 33% in 2011 and 46% in 2016, contrasted by weaker performances in other years, such as a 14% drop in 2014 and a 10% decline in 2021.