BTC price has been rising steadily since the election of President Trump in the United States, breaking through the $100,000 mark, and reaching a new all-time high of $108,353 on the 17th of this month. Although it has recently declined, as Christmas approaches, BTC is once again approaching the $100,000 mark, which can be seen as an early Christmas gift for investors.
BTC price is 392,880 times higher than 14 years ago
Against this backdrop, Watcher.Guru also tweeted to compile the BTC price on Christmas every year, and it can be found that the price in 2024 is already 392,880 times that of 2010, which is an amazing growth.
For easier reading, BlockTempo has compiled the price data into a table:
- From the chart, it can be seen that BTC had over 1000% growth in 2011, 2013 and 2017, with the growth in 2013 exceeding 5000%.
- Additionally, BTC's year-over-year growth rate was negative in 2014, 2018 and 2022, interestingly, these decline years are four years apart.
BTC performance on Christmas over the past decade
In addition to BTC's annual growth, BlockTempo also compiled the performance of BTC during the Christmas period over the past ten years.
According to data from Coinglass, in the past 10 years (2014 - 2023), BTC closed lower 6 times out of 10 Christmas periods (though sometimes affected by time differences), with the largest decline of 5.58% occurring in 2018; while in the 4 times it closed higher, the largest gain was 4.11% in 2020.
Although historical data shows that BTC is less likely to see significant fluctuations during Christmas, a statistical analysis of BTC's performance in December over the past ten years shows that BTC has a 50% chance of closing higher, with the smallest gain of 13.83% occurring in 2015 and the largest gain reaching 46.92%; while in the 5 times it closed lower, the largest decline was 18.9% in 2021, and the smallest was 3.59% in 2022.
Overall, the probability of BTC closing higher or lower in December is 50/50, but if it does close higher, the gains are usually in the double digits. Whether BTC can continue to rally in the last week of this year remains to be seen.
