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BTC Christmas historical price comparison: this year is already 392,880 times that of 2010
Today is the most important Christmas in Western countries every year. In this regard, the community platform X user Watcher.Furu tweeted to organize the BTC price from 2010 to 2024, a total of 14 years. It can be found that the price of BTC this year is actually 392,880 times that of 2010. In addition, the platform also compiled the price performance during the December Christmas cycle in the past ten years, hoping to have a happy Bull Market Christmas this year. (Background: Glassnode research: The retracement amplitude of each BTC cycle is weakening, or it has entered the later stage of the Bull Market) (Background: Is there a Christmas market for BTC? Organizing historical data of BTC in the past 10 years tells you) After Trump was elected as the President of the United States, the price of BTC rose from $69,000 to break through the $100,000 mark, and refreshed the historical high price of $108,353 on the 17th of this month. Despite some recent declines, as Christmas approaches, BTC is once again approaching the $100,000 mark, which is considered an early gift for investors. The price of BTC is 392,880 times that of Christmas 14 years ago. In this context, Watcher.Guru also tweeted to organize the price of BTC on Christmas every year, and it can be found that the price in 2024 is actually 392,880 times that of 2010, which is truly amazing. For easy reading, the platform has compiled the price data into a table: From the chart, it can be seen that BTC had a rise of over 1000% in 2011, 2013, and 2017, with the rise in 2013 exceeding 5000%. In addition, in 2014, 2018, and 2022, the annual growth rate of BTC was negative. Interestingly, these declining years were all four years apart. Performance of BTC in the past ten Christmas seasons In addition to the annual rise of BTC, the platform has also compiled the performance of BTC during the Christmas period in the past ten years. According to Coinglass data, in the past 10 years (2014-2023), out of the 10 Christmas seasons (taking into account the time difference), BTC experienced 6 declines, with the largest decline occurring in 2018 at 5.58%; and out of the 4 rises, the largest rise occurred in 2020, at 4.11%. Although the probability of significant Fluctuation of BTC on Christmas is relatively small based on historical data, statistical analysis of BTC's performance in December over the past ten years shows that the probability of rise in BTC is 50%, with the smallest rise occurring in 2015 at 13.83%, and the largest rise reaching 46.92%; while out of the 5 declines, the largest decline was 18.9% in 2021, and the smallest was 3.59% in 2022. Overall, the probability of rise or decline in December is about equal, but if it is a rise, the rise is usually in double digits. Let's see if BTC can continue to rise in the last week of this year.