$BTC increased fivefold, sending a red envelope, but it can't be sent out, in another post
Below is the market trend of the cryptocurrency sector before and after Christmas over the past 8 years:
2017
Before Christmas, the price of Bitcoin plummeted by 21.30%, mainly due to the ban on ICOs.
2018
Bitcoin was in a correction phase a week before Christmas, with a decline of 5.58%, but it saw an increase of 4.53% in the week following Christmas.
2019
On Christmas Day, the price of Bitcoin retracted by 10% at its highest point, with various mainstream currencies generally declining, resulting in poor overall market performance.
2020
Bitcoin experienced a 4.11% increase on Christmas, bringing holiday cheer to investors, and that year marked the first instances of Bitcoin being accepted for payment.
2021
Bitcoin's decline in December reached 18.9%, and there was no significant rebound during the Christmas period.
2022
The price of Bitcoin rose in mid-December, peaking at $16,800 on Christmas Eve, but fell to around $15,500 the day after Christmas.
2023
With the gradual recovery of the bear market, cryptocurrencies increased by 4.05% before Christmas and then rose by 3.64% after Christmas.
2024
On December 23, panic spread in the Bitcoin market, with turnover rates soaring to recent peaks. Investors, worried about a liquidity crisis and emotional avalanche leading to significant price drops, exited the market before the holiday, but some investors still positioned themselves in Bitcoin at the high of $89,000.
