🎄The Christmas Miracle and the Secret of Cryptocurrency🎄
This year, Christmas not only brings gifts under the Christmas tree but also an astronomical gift to Bitcoin investors — Bitcoin has reached an astonishing $98,200! The history of this cryptocurrency reflects its ups and downs, but the special part of this Christmas surge is that compared to 2010, the price of Bitcoin has grown by 392,800 times, when Bitcoin was only worth $0.25.
The journey of Bitcoin during Christmas👇:
2010: $0.25 - The birth of digital currency.
2011: $4 - The first step in the market.
2012: $13 - Continued growth.
2013: $682 - The beginning of the "Bitcoin craze."
2014: $319 - Correction after the boom.
2015: $456 - Stabilization.
2016: $896 - New record.
2017: $14,027 - The Bitcoin frenzy.
2018: $3,815 - Post-frenzy correction.
2019: $7,275 - Restoration of trust.
2020: $24,665 - Pandemic and enthusiasm for cryptocurrency.
2021: $50,430 - New peak.
2022: $16,831 - "The winter of cryptocurrency."
2023: $43,665 - Interest return.
2024: $98,200 - Christmas miracle.
But the world of cryptocurrency is not all rosy. During Christmas, due to decreased liquidity, the cryptocurrency market can be particularly unpredictable. With Europe and the United States on holiday, even slight changes in demand can trigger significant price fluctuations, especially with options in mind.
Currently, Bitcoin's pain point is set at $84,000, but the decline in implied volatility in the short term may render this point irrelevant. Similarly, Ethereum's pain point at $3,000 may be more decorative than actual. Market makers and traders may add extra uncertainty when closing positions at the end of the year.
Analytical tips: In the cryptocurrency market, decreased liquidity during Christmas means that even small rumors can lead to disproportionate price fluctuations. Investors should remain cautious as the market may change rapidly after liquidity recovers during the holiday period. This could be an excellent opportunity for long-term investment, provided you are prepared for the "holiday swings" and their consequences.
Thus, Christmas 2024 may go down in history as the day Bitcoin reaches a new peak, but it could also be a period where the market shows fragility and instability.
Wishing everyone a Merry Christmas🎄
