$BTC
How did the cryptocurrency market perform on Christmas in previous years?
In previous Christmas seasons, the cryptocurrency market showed significant volatility. For instance, on December 25, 2017, Bitcoin reached an all-time high of over 20,000 USD, before plunging into a deep bear market in 2018. In 2019, after a somewhat less dramatic price surge, the market saw major coins recover slightly after Christmas, although profit-taking sentiment emerged from investors.
However, in recent years, the market has tended to recover at the end of December. During the Christmas season of 2020, Bitcoin recorded a high of nearly 30,000 USD and created a positive recovery momentum. In 2021, the allure of Bitcoin continued to increase, helping its price climb to nearly 70,000 USD by November, but there was a correction at the end of the year, before starting the new year with greater expectations for long-term growth trends.
Stability and investor sentiment during holiday periods have always been key factors influencing the price volatility of cryptocurrencies.