#ChristmasMarketAnalysis
Bitcoin (BTC) saw significant price fluctuations during the Christmas period from 2020 to 2023. Here’s an overview of its performance during this time:
2020: On December 25, 2020, Bitcoin was trading at around $28,993.
2021: By December 25, 2021, Bitcoin had reached an all-time high earlier in the year, with prices surpassing $60,000 in April.
2022: The market was noticeably different by the end of 2022, with Bitcoin prices at around $95,104.94 as of December 22, 2024, after another crypto exchange, FTX, declared bankruptcy.
2023: On December 25, 2023, Bitcoin’s closing price was $43,641.66, reflecting a 1.5% increase on the day.
These fluctuations highlight Bitcoin's volatility during the holiday season over the past few years.