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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.\u00a0<\/p>\n
On Dec. 23, Data tracker Coinstats shared an image showing positive market movements and floating the idea of a potential \u201cSanta Claus rally.\u201d <\/p>\n
\nIs that the beginning of the Santa Claus Rally? pic.twitter.com\/zf1WDNaGpm<\/a><\/p>\n
\u2014 CoinStats (@CoinStats) December 23, 2022<\/a><\/p><\/blockquote>\n
However, with Bitcoin\u2019s volatility index hitting record lows<\/a> on Dec. 25, any thoughts of having a merry BTC rally on Christmas were put to a stop. Data from Cointelegraph Markets Pro<\/a> showed that the top crypto hovered around $16,800 on holiday.\u00a0<\/p>\n
A community member pointed<\/a> 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\u2019s former CEO, Sam Bankman-Fried. <\/p>\n
\nRoses are red.
Your PNL is too.
Santa isn’t coming tonight.
SBF liquidated him too.<\/p>\n\u2014 CMM (@CoinMarketMan) December 24, 2022<\/a><\/p><\/blockquote>\n
Meanwhile, another community member hinted<\/a> 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.\u00a0<\/p>\n
\nThanks for the \u201cChristmas pump\u201d Santa. pic.twitter.com\/B6Q4O96kgw<\/a><\/p>\n
\u2014 Mr. Backwards (@Coin_Shark) December 26, 2022<\/a><\/p><\/blockquote>\n
One shared a photo of a cat doing a thumbs-up while thanking Santa for the \u201cChristmas pump\u201d that didn\u2019t happen. Another shared<\/a> a photo of a psychologist supposedly treating a crypto trader for believing in a Santa rally.\u00a0<\/p>\n
Related: <\/em><\/strong>4 \u2018emerging narratives\u2019 in crypto to watch for: Trading firm<\/em><\/strong><\/a><\/p>\n
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<\/a>. The team urged its community members to transfer their funds to wallets downloaded from official sources like the Apple App Store or Google Play. <\/p>\n
Apart from this, another exploit was conducted by hackers linked to North Korea\u2019s Lazarus Group. The attackers allegedly launched a wide phishing campaign<\/a> that targeted nonfungible token (NFT)<\/a> users. The hackers launched around 500 phishing domains to lure their victims and steal their NFTs. <\/p>\n<\/div>\n