Crypto Christmas Dip 2024: Why & When Will It Fly?

Every December, cryptocurrency and casino enthusiasts brace themselves for what has become an expected seasonal phenomenon: the Crypto Christmas Dip.

But why does this happen, and more importantly, when can we expect the market to recover? Let’s dive into the details and uncover the factors behind this trend, while exploring how savvy investors can make the most of the dip. Further, Crypto Lists dig deeper into increased adoption and technical developments in the cryptocurrency industry while also showing some suitable no kyc casino sites to try out this Christmas period.

Why Does the Crypto Christmas Dip Happen?

The Crypto Christmas Dip isn’t just about red charts during the festive season. No, we don’t think Santa got anything to do with it at all. Instead, it’s probably mainly driven by a combination of psychological, financial, and market-specific factors. Higher interest rates than most of the years in the last decade have it harder for many people to save money and crypto – and some sell off because of that. But mainly, it’s because of the following:

Year-End Tax Planning

A wide range of day traders, speculators and investors sell crypto assets at the end of the year to offset gains in their portfolio. This tax strategy, known as tax-loss harvesting, often creates additional sell pressure on cryptocurrencies during December. With a decent gain for most cryptocurrencies in 2024, it can be a good time to sell off for the tax year 2024.

Holiday Spending Needs

With the season of giving comes an increased demand for cash. Whether it’s buying gifts, funding holidays, or planning New Year’s celebrations, many crypto holders convert their digital assets to fiat to cover expenses. Perhaps it’s a nice holiday trip, or a special Christmas gift to someone you love. In either case, it’s a selling pressure before Christmas when cryptos gone up since you bought it.

Lower Trading Volume Without Saylor?

The Christmas and New Year holidays often mean fewer traders actively engaging in the market. This reduced volume can amplify price swings, making the downturn feel more pronounced. Many traders, hedge funds and investors take some extra holiday during this period. Vance Spencer from crypto venture capital firm Framework Ventures wrote on X that Michael Saylor’s company Microstrategy has a blackout period for the entire January 2025. If this rumour is true, it means that Microstrategy will not be one of the single biggest buyers in either December or January, leading to lower Bitcoin trading volumes. Perhaps even some corporations that plan to buy Bitcoin will pause until Microstrategy gets started again in February, 2025.

Profit-Taking Before Year-End

After a year of potential gains, some investors opt to lock in profits before the calendar resets. This preemptive selling can lead to a broader market dip, especially in a volatile space like crypto. Bitcoin is up 117.7% the last 12 months, despite a 7% drop today (when writing this article). Even Ethereum is up 47.7% the last 12 months, while XRP is up 250%, BNB is up 153.3% and Solana has gained 138% the last year even if it’s down over 10% today. If you’re thinking like me; let’s fine some nice altcoin casinos – then I can suggest to check out Tether (USDT) casinos if you happen to have it in that cryptocurrency, or why not game on some crypto casino sites that accept XRP. Finally, if you’re into meme coins and have Dogecoin, it’s worth to notice that even more profit taking might come before the year end. Today, it’s down almost 18%, but still up 233% for the year. So it’s still a good time to play on one of the 350+ best dogecoin casinos reviewed.

Market Sentiment and FUD

Negative news or speculation tends to have a greater impact during periods of lower activity. Fear, uncertainty, and doubt (FUD) can exacerbate the sell-off as weaker hands exit the market. During the holiday period, those readers that haven’t invested in crypto will absolutely love to read about crypto going down 20-30-40% in a month. And the news papers know about that – and will write lots about it. Hopefully, you’re still plus and can play on suitable Bitcoin casinos without loosing out.

When Will the Market Fly Again?

While no one can predict the exact timing of a rebound, historical trends and upcoming events in 2025 offer some clues:

Post-Holiday Stabilization

Markets often stabilize in January as trading volumes pick up and holiday-related sell pressure eases. This could signal the start of a recovery. When Trump going into office, the 20th of January 2025, it might start being more positive again.

Bitcoin Halving Momentum

The April 2024 Bitcoin halving is expected to have a delayed but significant impact on the market. Historically, halvings have led to bull runs within 12-18 months, suggesting mid-to-late 2025 could see a strong uptrend.

Macroeconomic Factors

If global financial conditions improve in 2025, alongside increased adoption, technological advancements, increased buying pressure and regulatory clarity, the crypto market could regain its bullish momentum.

February: Microstrategy can buy Bitcoin again

If the rumour from Vance Spencer is true, it might take a bit longer before we see real buying pressure again. With that I mean when Saylor and his Microstrategy are allowed to issue more convertible notes and bonds to purchase additional Bitcoin. From the available rumours, it seems to be February 2025 when there is some serious big buyers coming in again – that potentially could drive the BTC price higher then it is in January 2025 (whatever it might be).

How to Make the Most of the Dip

While the Christmas Dip can be disheartening, it can be both a good time to buy or sell. For those looking for some fun, it’s also an opportunity to play – where luck and crypto pave the way. If you’re lucky and make the right bet, there are big wins that you could net.

Exploring no KYC crypto casinos can be an exciting way to keep the festive spirit alive without extensive registration hurdles.

Top 5 No KYC Crypto Casinos to Try During the Dip

Below are five our of favorites for the festive Christmas period:

LTC Casino: Established No KYC casino site

It’s a 100% anonymous casino that’s perfect for Litecoin enthusiasts, but also those that use SOL, ETH, BTC, XRP, DOGE and more. LTC Casino (review) offers fast deposits, a sleek interface, and no KYC requirements. If you love to play the latest games and like to have full transparency without giving out even your own IP, then this site is for you. Visit LTC Casino now to find a continuously top ranked site.

Forza Bet: Both sports and casino games

A rising star in the crypto betting world, Forza Bet (facts) offers sports betting and casino games with no KYC needed. Visit Forza Bet Casino to see a great new site from 2024.

Jackpot Bet: Extra jackpots, every day

Known for its high-stakes games and big wins, Jackpot Bet (review) is perfect for players seeking excitement without the hassle of KYC. There is a ticking jackpot, lots of competitions and improvements every week. This will likely be a great new crypto casino in 2025. Visit Jackpot Bet Casino to learn more.

Rakebit: New with amazing rewards

With a focus on transparency and player rewards, Rakebit (review) stands out as a user-friendly no KYC casino. Their daily cashback is rather unique in the industry and their VIP program is very rewarding as well for big players. Visit Rakebit Casino now to see what you think.

Bitstarz: A decade in the game

Renowned for its user-friendly interface and extensive game selection, Bitstarz (review) lets you play with crypto quickly and hassle-free. They been around for a decade, and players love this site. They have more deposit options than most other sites in this niche and is well worth a try. Visit Bitstarz now if you haven’t played there already.

Whether you’re buying or selling the dip or playing at one of the best no KYC casinos, make sure to approach this holiday season with a balanced strategy. For some extra festive surprises, check out the Christmas calendar 2024 that gives quite a few

Increased adoption and technical development

With the increasing number of blockchain technologies, DeFi, NFTs and Web3 applications together with a crypto-friendly president, way higher interest in cryptocurrencies may soon return. In 2024 and expected to continue in 2025, more technical advances and even greater integration into the mainstream are expected, which could help strengthen the market.

Usually, it is a few of the big cryptocurrencies that “pull” the market and in particular improvements from Bitcoin, Ethereum, Ripple or Solana can help to provide additional traction.

Solana (SOL): Improved Resilience, Efficency & Added Blinks

According to Figment, major technical advances have been made for Solana in 2024 to improve its performance, scalability and user experience.

Solana implemented several upgrades to improve the resilience and efficiency of the network, such as QUIC-based transaction processing units (TPU), input-weighted Quality of Service (QoS) and localized fee markets. These improvements have strengthened Solana’s resilience during periods of high demand. Solana also introduced “actions“, an API that allows developers to integrate blockchain transactions directly into their applications, allowing users to perform transactions without leaving the current platform. “Blinks” or blockchain links, convert these actions into shareable, metadata-rich URLs, allowing users to perform transactions directly from web platforms, social media, or messaging apps. More information about “blinks” can be found on the official Solana website. The amount of Solana projects in DeFi increased to over 135 in 2024, while NFT projects are leading with 145 projects.

To dig deeper into the Solana coin, check out our guide or if you want to know about Solana blockchain, go here.

Ethereum (ETH): Launched the Dencun upgrade

The Ethereum network and the native token Ether (ETH) implemented its Dencun upgrade, also known as EIP-4844 or Proto-danksharding. This improvement reduced the cost of data availability, significantly lowered gas fees for Layer 2 rollup solutions, and improves the overall scalability of the network. The entire data challenge is further described on the official Ethereum blog. Ethereum has also made progress on Single Slot Finality (SSF). Their roadmap emphasizes improvements in the security and speed of transaction finality by 2024. This development aims to finalize blocks in a single location, reducing transaction confirmation time and improving the user experience. Overall, Ethereum has made good progress in 2024 and is expected to do even better in 2025. Read more about the Ethereum blockchain here.

XRP: New stablecoin from Ripple called RLUSD

Meanwhile, Ripple and its cryptocurrency XRP have seen a significant upturn in late 2024, following both regulatory improvements and a new stablecoin called RLUSD, that news sites such as Reuters been writing about. Whether it will truly challenge USDC that was first to comply with MICA is questionable, but USDT is set to be banned from regulated crypto platforms in the EU by the end of the year, although many have already banned Tether due to MICA. You can read more about how Ripple is challenging industry giants on Reuters. More facts about XRP Ledger can be found in our guide. Alternatively, if you live in EU and want to use your USDT when playing on a crypto casino cashback site, check out our list of all Tether Casinos alternatively, the slightly fewer USDC casinos here.

Polygon (MATIC): More needs to happen

Widely embraced by Web3 developers, Polygon blockchain continues to do well as a Layer 2 scaling solution for Ethereum, attracting a few brands for NFT launches (but not close to the same level as Solana or Ethereum) and decentralized apps (dApps). Back in the summer of 2022, Polygon introduced zkEVM (zero-knowledge Ethereum Virtual Machine), enabling seamless interoperability and enhanced scalability for Ethereum-compatible projects. Still, more needs to happen from Polygon for it to really take off and become one of the top alternatives to the top 5.

Cardano (ADA): The new report is live

Cardano’s partnerships with governments such as Ethiopia, Georgia, Argentina and NGOs seems to have topped in 2020, after expanding its use in real-world applications like identity solutions and supply chain management. Further details about what happened lately can be found Cardano Foundation Financial Insights, released in November 2024. It’s clear that their DeFi ecosystem gained momentum and an extensive list of projects can be found on Built on Cardano.

The Mithril upgrade in 2023 streamlined node synchronization, improving network speed and reliability while supporting higher transaction throughput. Is quite a bit more needed to make ADA skyrocket in 2025? Who knows. Let’s see next year.. Until then, you can discover more about the Cardano blockchain here, or read up about ADA coin here.

Avalanche (AVAX): A choie for institutions?

Avalanche became a popular choice for institutions, leveraging its fast and low-cost transaction capabilities. However, despite what some sources say, it’s never really taken off for crypto casino sites. Crypto Lists expect that less than 10% of all major crypto casinos support Avalanche deposits in the end of 2024.

But when it comes to partnerships with gaming studios that’s driving adoption in the blockchain gaming space, it’s a different story. Brands such as Gree from AFK Gaming, Gamestarter and Merit Circle are just a few that Avalanche work with.

In December 2024, the Avalanche9000 upgrade took place which is a really big upgrade for the ecosystem. This upgrade brought significant improvements to Subnets, including a 99.9% reduction in deployment costs and simplified processes for launching new Layer 1 networks (formerly known as subnets). It will be interesting to follow AVAX in 2025 and see how it goes. Check out the toplist of Avalanche casinos here, with sites such as Betfury and BC Game.

Chainlink (LINK): Is CCIP changing the game?

Chainlink continued to expand its dominance in providing oracle services for DeFi and enterprise blockchain applications, with integrations across hundreds of dApps.

In April 2024, Chainlink launched CCIP, the so called Cross-Chain Interoperability Protocol. This is enabling seamless communication and value transfer across different blockchains, bolstering its position as a key infrastructure provider.

The above cryptocurrencies demonstrated resilience and innovation lately, paving the way for continued growth and adoption in diverse sectors. Even if not so much happened in 2024 for Bitcoin, there been improvements after the Taproot upgrade and the adoption skyrocketed, while expected to increase even further in 2025.

Discover more about Chainlink blockchain in our review.

Bitcoin (BTC): Institutional adoption & Taproot upgrade
Institutional adoption surged as major financial institutions integrated Bitcoin into their portfolios and launched Bitcoin-backed ETFs. The Taproot upgrade that started already back in 2021 was realized with new privacy-focused features, improved transaction efficiency, and advancements in Bitcoin’s Lightning Network for faster small and medium sized transactions. In case you like to get quicker Bitcoin transfers for your gambling, then check out our toplist covering the 8 best Lightning Network supporting casinos.