From $ to $24, How Bitcoin Has Been Doing on Christmas Day in Past 10 Years
The CEO of U.K.-based exchange CoinOne, Danny Scott, has taken to Twitter to share the figures showing how the exchange rate of Bitcoin has been changing in the course of 10 years and what it looked like every year on Christmas Day.
Bitcoin going up and down by each new Christmas Day
Bitcoin has been gradually rising since , starting from merely $ on Christmas Day of that year.
As per the tweet, back then, Bitcoin showed a 16x rise in a year: from $ to $4.
Between Christmas Day of and , BTC went from $13 to $
However, during these past 10 years on this holiday, Bitcoin demonstrated more than just rises. The price dropped by almost half between and from $ to $
Between and , Bitcoin showed its biggest Christmas price fall in history: from a whopping $14, to $3, in the midst of "crypto winter."
Tapping $24, on Christmas
After reaching $7, on Dec. 25, , Bitcoin has briefly surpassed the $24, level today and is now trading at $23, on the Kraken exchange, according to a chart from TradingView.
This year, Bitcoin has been rallying since October after receiving massive ongoing cash inflows from financial institutions, such as MicroStrategy and Grayscale Investments, and numerous billionaires and banks—including JP Morgan—changing their stance on Bitcoin and calling it digital gold.
Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets.
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