Bitcoin and Crypto Look to Rebound with Possible Santa Rally After Turbulent Year

Historically, a Santa rally happens in the weeks before Christmas when investor optimism lifts markets. This year could see a major rally if the Fed cuts interest rates.

Lower inflation and a flattening yield curve may prompt the Fed to cut rates soon, benefiting stocks and crypto. Bitcoin could surge past $35K again.

Approval of the first Bitcoin spot ETF in the U.S., expected by January, would provide a further boost to crypto prices.

Bitcoin has already rallied over 100% in 2023 after falling below $16K. But many crypto investors still face losses from the FTX fallout.

Even without a Santa rally, crypto has survived a turbulent year. The sector ends 2023 on a relatively high note.