The U.S. stock market just wrapped up another solid trading session with gains across the board. You know what's driving the momentum? That festive-season energy traders call the 'Santa Claus rally'—basically the market's attempt at holiday cheer before the year closes out.

Here's the thing: when traditional equities pick up steam like this, it tends to ripple across all asset classes, including crypto. Market sentiment is pretty intertwined these days. Risk-on mood in stocks often translates to stronger demand for alternative assets too.

The rally signals that investors aren't entirely spooked heading into year-end, which could mean more confidence flowing into digital assets as well. Whether this optimism sticks around or gets tested when reality sets in—that's the real question traders are asking right now.