By the end of this year, Bitcoin will have 13 consecutive Years of market value recorded under that belt. Seven of those years saw Santa’s rally all the way through New Year’s Eve, and five of the 13 years saw a bearish return from He Dec 1 to He Dec 31. With six days left until the end of 2022, the current market dynamics seem to point to a negative return this month.
December 13-year Bitcoin price
2022 will beBitcoin (BTC) in terms of market value measured in fiat currency It wasn’t the best year in At the beginning of the yearBTC was trading at around $46,000 per unit, but since then the price has fallen 63% since 01/01/2022. According torecords, the first recorded notional value of Bitcoin in US dollars was October 5, 2009 at $0.00764 per BTC on the New Liberty Standard (NLS). was sold in At that rate, anyone buying bitcoin via NLS at the time could get him about 1,309.03 BTC for $1.
The prices recorded are sporadic, so the last month of 2009 saw an increase, so it’s really hard to count. However, according to the December 17, 2009 record, you could get about 1,630.33 BTC for one dollar. As of December 28, 2009, NLS is priced at approximately 1,578.76 BTC for $1. In December 2010BTCwas much more expensive, with BTC trading at $0.21 per coin on the first day of the month. By December 31, 2010, 1 Bitcoin had risen 42.85% to $0.30 per unit. Bitcoin also rises in the last months of 2011 and 2012.
2011,BTC traded at $2.97 per unit on December 1st, 30 days later BTC traded at $4.25 or 43.09% traded at a high price. On December 1, 2012,BTC traded at $12.57 per coin, and by the end of the year BTC rose 7% to $13.45 per unit. Over the next two years,BTC did not see Santa’s rally, despite the 2013 bull market. For example, on December 1st, 2013,BTC was trading at $955.85 per coin, but by December 31st had fallen 21.11% to $754.01 per unit. .
2014 saw a 15.57% loss asBTC traded at $379.25 on December 1st and $320.19 by the end of the year. The final months of 2015, 2016, and 2017 all had a Santa rally. Bitcoin was trading at $362.49 on December 1, 2015, but it was trading at $430.57 per unit, up 18.78% by the end of the year. Similarly, on December 1, 2016,BTC was trading at $756.77, but by December 31st it had risen 27.34% to $963.74 per coin.
BTC also surged in 2017, trading at $10,975.60 per coin on Dec 1, then up 28.98% at $14,156.40 per BTC Ended the yearHistory shows that 3 out of the next 4 December posted negative returns. 2018,BTC traded to $4,194.39 on December 1st and BTC traded to $3,740.23 on December 31st, losing 10.82% in USD value . The following year, on December 1, 2019, Bitcoin traded at $7,449.52, down 3.13% by the end of the year to trade at $7,216.10 per unit.
2020 was the best Bitcoin Santa rally ever recorded asBTC climbed 53% in the last month of the year. On December 1, 2020,BTC traded at $18,876.77 per coin, ending the year at $28,994.35. At the end of 2021, the price ofBTC fell last month, dropping 18.92% in USD value over 30 days.
On December 1, 2021,BTC was trading at $57,217.66 per unit, while by the end of the month BTC was trading at $46,387.98 per coin. fell to Last month wasn’t the best forBTC as FTX was above $20K per unit before it collapsed. That particular event shocked not only the industry, but the fiat currency value of the cryptocurrency market as well.
As of December 25, 2022, it doesn’t look like Santa Rally is in the works for Bitcoiners, but we don’t know how the year will end. Over the next week,BTC could surge more than 10%, ending the dismal bear market in 2022 with a bang. Or, as we’ve seen in the past few weeks, we may see lackluster activity, low trading volumes and a significant correction since the aftermath of FTX subsided.
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