Coinstash co-founder Mena Theodorou said in a report this week that Bitcoin’s record “spurred traders’ hopes for a continued altcoin season and a potential Christmas rally,” Golden Finance reported. According to data from CoinGecko, cryptocurrencies have rallied around Christmas in eight of the past 10 years. Furthermore, Nexo analyst liya Kalchev predicts that the price of Ethereum should reach $5,000 by early 2025.