PrimeXBT Launches “PrimeXmas” Promotion With Deposit Bonuses And Discounts For Crypto Traders

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While crypto traders are mostly wishing for higher prices this Christmas and for the crypto winter to end, PrimeXBT is providing much-needed relief with some exclusive gifts for crypto traders during a holiday promotion called PrimeXmas.

Here is everything you need to know about the holiday promotion and how to get two special gifts from the award-winning cryptocurrency trading platform.

Markets have been pure mayhem all throughout 2022, but there is possible relief ahead. Toward the end of November, Fed Chair Jerome Powell hinted at softened rate hikes happening as early as the December meeting.

With a possible return to a more dovish tone, investors and traders are hopeful for a Santa Claus rally. A Santa Claus rally according to Wikipedia, a “Santa Claus rally is a calendar effect that involves a rise in stock prices during the last five trading days in December and the first two trading days in the following January.”

Other calendar-based phenomena include the “January effect,” in which small-cap stocks outperform other stocks during the month, then revert to their normal relative strength the rest of the year.

If the Fed does signal the end of aggressive rate increases, it could cause a relief rally toward the end of the year that fits the description of a Santa Claus rally.

Traders anticipating a Santa Claus rally might want to also take advantage of a pair of gifts from PrimeXBT during their PrimeXmas promotion. From December 19, 2022, through January 15, 2023, anyone can get up to two gifts.

The first gift is a massive deposit bonus of up to $850. Activating the promo code Xmas1000 gives users a deposit bonus of $100 when