Today is the most important Christmas in Western countries. In response, Watcher.Furu, a user on the social platform X, tweeted a compilation of Bitcoin prices from 2010 to 2024, revealing that this year’s Bitcoin price is 392,880 times that of 2010. Additionally, Doo-Won has also compiled the price performance of the Christmas period in the past ten years, hoping to have a joyful bull market Christmas this year.
(Bitcoin has a Christmas market? Sorting out the past 10 years of BTC historical data tells you)
After Donald Trump was elected President of the United States, the price of Bitcoin rose from $69,000 and broke through the $100,000 mark, reaching a new all-time high of $108,353 on December 17th. Despite recent declines, Bitcoin is once again approaching the $100,000 mark just before Christmas, which can be seen as an early gift for investors.
Bitcoin price is 392,880 times that of Christmas 14 years ago
In this context, Watcher.Guru also tweeted a compilation of Bitcoin prices on Christmas each year, revealing that the price in 2024 is already 392,880 times that of 2010, which is truly astonishing.
To facilitate reading, Doo-Won has organized the price data into a table:
From the chart, it can be seen that Bitcoin had over 1000% gains in 2011, 2013, and 2017, with the 2013 increase exceeding 5000%.
Furthermore, in 2014, 2018, and 2022, Bitcoin had negative annual growth rates. Interestingly, these declining years were all four years apart.
Compilation of Bitcoin performance during the past ten Christmases
In addition to the annual growth of Bitcoin, Doo-Won has also compiled the performance of Bitcoin during Christmas in the past ten years.
According to Coinglass data, in the past 10 years (2014-2023), Bitcoin experienced 6 declines out of 10 Christmases (accounting for time differences), with the largest decline occurring in 2018 at 5.58%. Among the 4 increases, the largest increase was in 2020 at 4.11%.
Although the probability of significant fluctuations in Bitcoin during Christmas is relatively low based on historical data, analyzing Bitcoin’s performance in December over the past ten years reveals a 50% chance of an increase. The smallest increase occurred in 2015 at 13.83%, while the largest increase was a staggering 46.92%. Among the 5 declines, the largest decline was 18.9% in 2021, while the smallest was 3.59% in 2022.
Overall, the probability of an increase or decrease in December is equal, but if there is an increase, it usually reaches double digits. Let’s see if BTC can continue to rally in the last week of this year.
