Today is Christmas, the most important annual holiday in Western countries. In light of this, 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 higher than that of 2010. Additionally, Dynamic Zone has also compiled the price performance during the Christmas season in the past decade, hoping for a joyful bull market Christmas this year.
(Bitcoin’s price pullback during each cycle is decreasing, indicating it may have entered the late stage of a bull market – Glassnode research)
(Background: Does Bitcoin have a Christmas market? Data from the past 10 years of BTC history tells you)
After Donald Trump was elected President of the United States, the price of Bitcoin skyrocketed from $69,000 to surpass the $100,000 mark, reaching a new all-time high of $108,353 on December 17th. Despite a recent pullback, Bitcoin is once again approaching the $100,000 mark just before Christmas, providing investors with an early gift.
Bitcoin’s price is 392,880 times higher than 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 an astonishing 392,880 times higher than that of 2010, representing incredible growth.
For ease of reading, Dynamic Zone has organized the price data into a table:
From the chart, it can be observed that Bitcoin experienced over 1,000% growth in 2011, 2013, and 2017, with the 2013 surge exceeding 5,000%.
Furthermore, Bitcoin’s annual growth rate was negative in 2014, 2018, and 2022. Interestingly, these declining years were all four years apart.
Bitcoin’s performance during the past ten Christmas periods
In addition to Bitcoin’s annual growth, Dynamic Zone also compiled the performance of Bitcoin during the Christmas period in the past ten years.
According to Coinglass data, in the past 10 years (2014-2023), Bitcoin saw a decline in 6 out of the 10 Christmas periods (accounting for time differences). The largest decline occurred in 2018, with a decrease of 5.58%. Among the 4 instances of growth, the largest increase was in 2020, reaching 4.11%.
Although the probability of significant volatility 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 upward movement. The smallest increase occurred in 2015, at 13.83%, while the largest increase reached an impressive 46.92%. Among the 5 instances of decline, the largest decrease was in 2021, with a drop of 18.9%, and the smallest was in 2022, at 3.59%.
Overall, the probability of Bitcoin rising or falling in December is evenly split. However, if there is an increase, it is usually in double digits. Let’s see if BTC can continue its upward trend in the final week of this year.
