Crypto Moves Of Christmas Past: How Bitcoin, Ethereum And Dogecoin Usually Trade Near Year-End – Bitcoin (BTC/USD), Ethereum (ETH/USD)
, 2022-12-24 11:36:58,
As Christmas is here, investing in cryptocurrencies may be the last thing on many people’s minds, especially in a year that saw digital coins getting pummelled. But Bitcoin BTC/USD, Ethereum ETH/USD, and Dogecoin DOGE/USD have their own holiday story to tell through the years.
See Also: How To Buy Bitcoin (BTC)
The Bitcoin Christmas Bounce: Benzinga analyzed Bitcoin prices between Dec. 20 and Dec. 31 last year. Bitcoin rose above the $50,800 mark around Christmas Eve and was buoyant around this period. However, the apex cryptocurrency closed at $46,306.45 at the end of 2021.
Overall, 2021 was a great year for cryptocurrencies, including Bitcoin. But 2022 has acted more as a dampener. In 2021, investors were riding an all-time high of $68,789.63 in November of that year. Fast forward to the end of 2022, the apex coin has fallen 75.6% from that level.
BTC-USD Performance In December 2021 — Courtesy CoinMarketCap
In 2020, the trend was quite the other way around, as Bitcoin rose to $29,00.72 on the last day of that year. The coin capped Christmas Eve at $23,735.95.
BTC-USD Performance In December 2020 — Courtesy CoinMarketCap
Ethereum Followed Big Brother: Ethereum followed the apex coin in terms of price action during the holiday season of 2021. The second-largest coin hit the $4,100 mark on Christmas eve, but on the last day of trading that year, it closed at 3,682.63.
The Vitalik Buterin-founded coin was riding the nonfungible token boom in 2021. The coin…
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