Here’s How the Bitcoin Price Historically Performed on the Christmas Day

2024-12-24 10:35

The festive season is here, and the crypto market is showing a positive trend today with a modest 1.34% rise. 

In contrast to other times of the year, this time of year has historically seen consistent Bitcoin price activity with little volatility. Will Bitcoin deviate from its usual holiday pattern this year, or will it continue on the historical trajectory?

At press time, Bitcoin trades at $94,132.07 per data from CoinGecko. The crypto recorded a daily trading volume of $60.67 billion. Bitcoin has dipped by 1.38% and 11.90% in the last day and week respectively. 

Historical Christmas Day Bitcoin Performance

Trading patterns show Bitcoin tends to move quietly on December 25th. Over 13 years of Christmas Days, the crypto rarely made dramatic swings in either direction. Most price changes stayed modest – within 2% up or down.

The standout moments tell an interesting story. Christmas 2013 brought Bitcoin’s biggest holiday gift – a 3.2% jump. On the flip side, 2014 saw the steepest Christmas decline at 2.7%. 

Looking at the overall scorecard, Bitcoin climbed seven times and slipped six times, showing a near-even split. 

Why such calm during the holidays? The answer likely lies in trading habits. As investors and traders step away to celebrate with family, market activity naturally slows down. 

The consistency of this trend paints a clear picture: Christmas Day typically offers a breather from Bitcoin’s usual volatility. While the crypto market never truly sleeps, even digital assets seem to respect the holiday spirit with more subdued price movements.

Year-by-Year Breakdown of Christmas Price Changes

Bitcoin’s holiday moves over recent years are interesting. Last Christmas (2023) brought some holiday cheer as Bitcoin climbed from $43,181 to $43,704. This meant a 1.2% rise.

2022 saw Bitcoin dip from $16,976 to $16,841, a 0.8% dip. Moreover, the 2021 holiday showed a similar trend, with prices moving down from $50,783 to $50,429, a 0.7% drop.

Bitcoin had a better Christmas in 2020. It rose from $24,111 to $24,665 – a 2.3% gain. Back in 2019, the market cooled off as BTC fell 1.5%, moving from $7,385 to $7,275.

Other years have followed similar patterns, with minor gains or losses reflecting reduced market activity. The subdued volatility has been consistent, underscoring how Christmas Day tends to stand out as a calmer period in Bitcoin’s usually shifty price history.

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The post Here’s How the Bitcoin Price Historically Performed on the Christmas Day appeared first on CaptainAltcoin.

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