During the Christmas period, the cryptocurrency market along with other financial market assets has historically seen a downward trend, indicating that this is a cyclical market trend.
Traders should be aware of this market behavior to adjust their strategy.
Bitcoin (BTC) has experienced 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's price was approximately $28,993.
2021: By December 25, 2021, Bitcoin had reached a new all-time high earlier in the year, with prices exceeding $60,000 in April.
2022: The market was noticeably different by the end of 2022, with Bitcoin prices reaching roughly $95,104.94 as of December 22, 2024, after another crypto exchange, FTX , filed for bankruptcy.
2023: On December 25, 2023, Bitcoin's closing price was $43,641.66, reflecting a 1.5% increase for the day.
These fluctuations highlight Bitcoin's volatility during the holiday season over the past few years.
