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.
As of December 23, 2024, Bitcoin (BTC) is trading at approximately $96,018, reflecting a slight decrease from the previous close.
This year, Bitcoin reached significant milestones, surpassing $100,000 for the first time in early December.This surge is attributed to increased institutional investment and favorable regulatory developments, including the approval of Bitcoin exchange-traded funds (ETFs) and supportive policies from the U.S. administration.
Analysts remain optimistic about Bitcoin's future performance, with projections suggesting it could reach $150,000 by 2025.However, they caution that the cryptocurrency may experience volatility before achieving such levels.
It's important to note that the cryptocurrency market is highly volatile, and past performance does not guarantee future results.Investors should conduct thorough research and consider their risk tolerance before making investment decisions.
These fluctuations highlight Bitcoin's volatility during the holiday season over the past few years.