#ChristmasMarketAnalysis
Christmas 2020
Context:
• This is the year the crypto market began a strong bullish run following the Bitcoin halving in May 2020.
• The COVID-19 pandemic caused central banks to print money massively, creating a low-interest environment and driving capital into risk assets, including cryptocurrencies.
Performance:
• Bitcoin (BTC): BTC reached around $24,000 during the Christmas holiday, surpassing the previous historical peak (around $20,000 in 2017) for the first time.
• Ethereum (ETH): Trading around $600, recovering strongly thanks to the DeFi boom.
• Altcoin: Many altcoins showed positive performance, especially DeFi tokens like UNI and LINK.
Trends:
• Market sentiment was very optimistic, with increasing participation from major institutions like MicroStrategy, Square, and Tesla (early 2021).
• NFTs began to attract attention, but had not yet exploded significantly.
Hope after Christmas 2024 into 2025 will see strong development