BTC Wraps up 13 Consecutive Years of Recorded Market Value, With No Santa Rally in 2022

By the extremity of this twelvemonth bitcoin volition person 13 consecutive years of recorded marketplace worth nether its belt. Seven of those years saw Santa rallies each the mode up until New Year’s Eve, and 5 of the 13 years saw bearish returns from Dec. 1 to Dec. 31. There’s inactive six much days near until the extremity of 2022, but existent marketplace enactment seems to constituent toward antagonistic returns this month.

13 Years of Bitcoin Prices successful December

2022 wasn’t the top twelvemonth for bitcoin (BTC) successful presumption of marketplace worth measured successful fiat. At the commencement of the year, BTC was trading for astir $46K per portion and since then, the terms has tumbled 63% since the archetypal of Jan. 2022. According to records, the archetypal recorded nominal worth of bitcoin successful U.S. dollars was connected Oct. 5, 2009 and it was selling for $0.00764 per BTC connected New Liberty Standard (NLS). At that rate, whoever was buying bitcoins astatine that clip via NLS could get astir 1,309.03 BTC for $1.

In Dec. 2010, bitcoin (BTC) jumped 42.85% higher during the people of the month.

We cant truly number 2009, arsenic seeing gains during the past period of the year, arsenic recorded prices are sporadic. However, records amusement connected Dec. 17, 2009, 1 could get astir 1,630.33 BTC for for a azygous greenback. On Dec. 28, 2009, NLS quotes are astir 1,578.76 BTC for $1. In Dec. 2010, BTC’s terms was overmuch higher and connected the archetypal time of the month, BTC exchanged hands for $0.21 per coin. By Dec. 31, 2010, a azygous bitcoin was 42.85% higher astatine $0.30 per unit. Bitcoin would besides spot gains during the past period successful 2011, and 2012.

In Dec. 2011, bitcoin (BTC) jumped 43.09% higher during the people of the month.

In 2011, BTC traded for $2.97 per portion connected Dec. 1, and 30 days aboriginal BTC exchanged hands for $4.25 oregon 43.09% higher. On Dec. 1, 2012, BTC changed hands for $12.57 per coin and by the extremity of the year, BTC was up 7% astatine $13.45 per unit. During the adjacent 2 years, contempt the bull tally successful 2013, BTC did not spot Santa rallies. For instance, connected Dec. 1, 2013, BTC was trading for $955.85 per coin and by Dec 31, it was 21.11% little astatine $754.01 per unit.

2014 saw a 15.57% nonaccomplishment arsenic BTC traded for $379.25 connected Dec. 1, and recovered itself changing hands for $320.19 by the year’s end. The past period of 2015, 2016, and 2017 each saw Santa rallies. In 2015 connected Dec. 1, bitcoin was trading for $362.49, but by the year’s extremity it jumped 18.78% higher arsenic it exchanged hands for $430.57 per unit. Similarly, connected Dec. 1, 2016, BTC was trading for $756.77 and by Dec. 31, it was up 27.34% and was swapping for $963.74 per coin.

In Dec. 2020, bitcoin (BTC) jumped 53.59% higher during the people of the month.

BTC besides saw gains successful 2017 erstwhile it traded for $10,975.60 per coin connected Dec. 1 and past ended the twelvemonth 28.98% higher astatine $14,156.40 per BTC. History shows that 3 retired of the 4 adjacent Decembers saw antagonistic returns. In 2018, BTC swapped for $4,194.39 connected Dec. 1, and connected Dec. 31, BTC was trading for $3,740.23 losing 10.82% successful USD value. The adjacent twelvemonth connected Dec. 1, 2019, bitcoin was trading for $7,449.52 and by the extremity of the year, it was down 3.13% and traded for $7,216.10 per unit.

2020 was the champion bitcoin Santa rally ever recorded arsenic BTC jumped 53% higher during the past period of the year. On Dec. 1, 2020, BTC swapped hands for $18,876.77 per coin and by the year’s extremity it was up to $28,994.35. At the extremity of 2021, BTC prices dropped during the past month, sliding 18.92% successful USD worth during the people of 30 days.

On Dec. 1, 2021, BTC was trading for $57,217.66 per portion and by the month’s end, BTC was down to $46,387.98 per coin. Last month, wasn’t the top for BTC arsenic it was up supra $20K per portion earlier FTX collapsed. That circumstantial lawsuit sent shockwaves done not lone the industry, but it caused crypto markets to driblet considerably successful fiat worth arsenic well.

As of close present connected Dec. 25, 2022, it does not look similar a Santa rally is successful the cards for bitcoiners but you ne'er cognize however the twelvemonth could end. Over the adjacent week, BTC could leap 10% oregon much higher and extremity 2022’s dismal carnivore marketplace with a bang. Or we conscionable mightiness spot what we’ve seen during the past fewer weeks, which is simply a full batch of lackluster movements, debased volumes since the FTX aftermath subsided, and a large woody of consolidation.

What bash you deliberation astir the past 13 years of bitcoin’s recorded value? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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