How has the cryptocurrency market performed on Christmas in previous years?

In past Christmas seasons, the cryptocurrency market has shown significant volatility. For instance, on December 25, 2017, Bitcoin reached an all-time high of over 20,000 USD, before entering a deep bear market in 2018. In 2019, after a somewhat less dramatic price increase, the market saw major coins recover slightly after Christmas, although profit-taking sentiment emerged among investors.

However, in recent years, the market has tended to recover at the end of December. During Christmas 2020, Bitcoin recorded a high near 30,000 USD and generated positive momentum. In 2021, Bitcoin's appeal continued to grow, helping its price soar to nearly 70,000 USD in November, but there was a correction at the end of the year, before entering the new year with greater expectations for long-term growth trends.

Stability and investor sentiment during the holiday season are always key factors influencing the price volatility of cryptocurrencies.