During Christmas 2022, Bitcoin failed to deliver a Santa rally, as the value of Bitcoin did not experience a significant increase and remained relatively stable
William Clemente, the founder of Reflexivity, a company that conducts research on cryptos, has observed that the fluctuations in the value of Bitcoin are currently at their lowest point ever.
In addition, he mentioned that the overall value of the crypto market has returned to the level it was at in 2017 and is now being supported at that level.