As 2022 draws to a close, Bitcoin will usher in 13 consecutive years of record market prices. Historical records show that in these 13 years, there will be a "Christmas rise" in December of 7 years, and a negative return in December of 5 years
As 2022 draws to a close, Bitcoin will usher in 13 consecutive years of record market prices. Historical records show that in these 13 years, there will be a "Christmas rise" in December of 7 years, and a negative return in December of 5 years. In December of this year, Bitcoin seems not to have a Christmas rise, and it is expected to usher in a negative return.
According to reports, according to historical records, Bitcoin first had a nominal value in US dollars, which occurred on October 5, 2009, when a Bitcoin was quoted at $0.00764 on the Bitcoin Exchange website NewLibertyStandard. This means that if one spent $1 at that time, approximately 1309.03 Bitcoins could be purchased.
However, the quotations from 2009 were not likely to be included in the statistics, as the recorded quotations at that time were sporadic. According to records, on December 17, 2009, approximately 1630.33 BTCs were purchased for one dollar, and on December 28, 2009, 1578.76 BTCs were purchased for one dollar.
In December 2010, the price of Bitcoin had already risen. On December 1, 2010, the transaction price of Bitcoin was $0.21. As of December 31, 2010, the price of Bitcoin had increased by 42.85%, reaching $0.30 per coin. Bitcoin also increased in the last months of 2011 and 2012.
On December 1, 2011, the price of Bitcoin was $2.97. After 30 days, it reached $4.25, an increase of 43.09%; On December 1, 2012, the price of Bitcoin was $12.57, and by the end of that year, it had reached $4.25, an increase of 7%.
In the next two years, Bitcoin did not experience a Christmas rally. On December 1, 2013, the price of Bitcoin was $955.85, but by December 31, 2013, it had dropped by 21.11% to $754.01; On December 1, 2014, the price of Bitcoin was $379.25, but by December 31, 2014, it had dropped by 15.57% to $320.19.
In the last months of 2015, 2016, and 2017, Bitcoin experienced a resurgence of Christmas gains. On December 1, 2015, the price of Bitcoin was $362.49, and by the end of that year, it had increased by 18.78% to $430.57; On December 1, 2016, the price of Bitcoin was $756.77, and by the end of that year, it had increased by 27.34% to $963.74
On December 1, 2017, the price of Bitcoin was $10975.60, and by the end of that year, it had risen by 28.98% to $14156.40.
Later, Bitcoin began to usher in a bear market. On December 1, 2018, the price of Bitcoin was $4194.39, and by the end of that year, it had dropped by 10.82% to $3740.23; On December 1, 2019, the trading price of Bitcoin was $7449.52, and by the end of that year, it had fallen by 3.13% to $7216.10.
December 2020 was the best Christmas rally in Bitcoin's history. On December 1, 2020, the price of Bitcoin was $18876.77, and by the end of that year, it had increased by 53% to $28994.35; But by December 2021, Bitcoin had fallen by 18.92% in a single month, from $57217.66 at the beginning of that year to $46387.98 at the end of that year.
There may not be a Christmas rally this year
As 2022 draws to an end, according to Tradeview data, Bitcoin has been fluctuating in a narrow range between $16000 and $17000 in the past few days, reaching $16886 before the deadline. Compared to its closing price of $16977 on December 1st this year, it has fallen 0.5% so far this month, and there may not be a Christmas rally in December this year.
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