" " BTC Wraps up 13 Consecutive Years of Recorded Market Value, With No Santa Rally in 2022 – Featured Bitcoin News – Financial Tips " "
Financial Tips
Advertisement
  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us
No Result
View All Result
  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us
No Result
View All Result
Financial Tips
No Result
View All Result
Home Digital Payment

BTC Wraps up 13 Consecutive Years of Recorded Market Value, With No Santa Rally in 2022 – Featured Bitcoin News

admin by admin
December 25, 2022
in Digital Payment


By the end of this year bitcoin will have 13 consecutive years of recorded market value under its belt. Seven of those years saw Santa rallies all the way up until New Year’s Eve, and five of the 13 years saw bearish returns from Dec. 1 to Dec. 31. There’s still six more days left until the end of 2022, but current market action seems to point toward negative returns this month.

13 Years of Bitcoin Prices in December

2022 wasn’t the greatest year for bitcoin (BTC) in terms of market value measured in fiat. At the start of the year, BTC was trading for roughly $46K per unit and since then, the price has tumbled 63% since the first of Jan. 2022. According to records, the first recorded nominal value of bitcoin in U.S. dollars was on Oct. 5, 2009 and it was selling for $0.00764 per BTC on New Liberty Standard (NLS). At that rate, whoever was buying bitcoins at that time via NLS could get around 1,309.03 BTC for $1.

In Dec. 2010, bitcoin (BTC) jumped 42.85% higher during the course of the month.

We cant really count 2009, as seeing gains during the last month of the year, as recorded prices are sporadic. However, records show on Dec. 17, 2009, one could get around 1,630.33 BTC for for a single greenback. On Dec. 28, 2009, NLS quotes are around 1,578.76 BTC for $1. In Dec. 2010, BTC’s price was much higher and on the first day of the month, BTC exchanged hands for $0.21 per coin. By Dec. 31, 2010, a single bitcoin was 42.85% higher at $0.30 per unit. Bitcoin would also see gains during the last month in 2011, and 2012.

In Dec. 2011, bitcoin (BTC) jumped 43.09% higher during the course of the month.

In 2011, BTC traded for $2.97 per unit on Dec. 1, and thirty days later BTC exchanged hands for $4.25 or 43.09% higher. On Dec. 1, 2012, BTC changed hands for $12.57 per coin and by the end of the year, BTC was up 7% at $13.45 per unit. During the next two years, despite the bull run in 2013, BTC did not see Santa rallies. For instance, on Dec. 1, 2013, BTC was trading for $955.85 per coin and by Dec 31, it was 21.11% lower at $754.01 per unit.

2014 saw a 15.57% loss as BTC traded for $379.25 on Dec. 1, and found itself changing hands for $320.19 by the year’s end. The last month of 2015, 2016, and 2017 all saw Santa rallies. In 2015 on Dec. 1, bitcoin was trading for $362.49, but by the year’s end it jumped 18.78% higher as it exchanged hands for $430.57 per unit. Similarly, on Dec. 1, 2016, BTC was trading for $756.77 and by Dec. 31, it was up 27.34% and was swapping for $963.74 per coin.

In Dec. 2020, bitcoin (BTC) jumped 53.59% higher during the course of the month.

BTC also saw gains in 2017 when it traded for $10,975.60 per coin on Dec. 1 and then ended the year 28.98% higher at $14,156.40 per BTC. History shows that three out of the four next Decembers saw negative returns. In 2018, BTC swapped for $4,194.39 on Dec. 1, and on Dec. 31, BTC was trading for $3,740.23 losing 10.82% in USD value. The next year on Dec. 1, 2019, bitcoin was trading for $7,449.52 and by the end of the year, it was down 3.13% and traded for $7,216.10 per unit.

2020 was the best bitcoin Santa rally ever recorded as BTC jumped 53% higher during the last month of the year. On Dec. 1, 2020, BTC swapped hands for $18,876.77 per coin and by the year’s end it was up to $28,994.35. At the end of 2021, BTC prices dropped during the last month, sliding 18.92% in USD value during the course of 30 days.

On Dec. 1, 2021, BTC was trading for $57,217.66 per unit and by the month’s end, BTC was down to $46,387.98 per coin. Last month, wasn’t the greatest for BTC as it was up above $20K per unit before FTX collapsed. That specific event sent shockwaves through not only the industry, but it caused crypto markets to drop considerably in fiat value as well.

As of right now on Dec. 25, 2022, it does not seem like a Santa rally is in the cards for bitcoiners but you never know how the year could end. Over the next week, BTC could jump 10% or more higher and end 2022’s dismal bear market with a bang. Or we just might see what we’ve seen during the past few weeks, which is a whole lot of lackluster movements, low volumes since the FTX aftermath subsided, and a great deal of consolidation.

Tags in this story
2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2022 performances, Bitcoin, Bitcoin (BTC), Bitcoin Market, December, Decembers, Last Month, Last month of the year, rally, Santa Rallies, Santa Rally

What do you think about the last 13 years of bitcoin’s recorded value? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It





Source link

Previous Post

5 Questions with … Bank of America SVP Jorge Camargo

Next Post

Y00ts, BEANS – Dumb Ways to Die, Treeverse – Plots, Taiyo Robotics and more collections added to Kraken NFT

Next Post

Y00ts, BEANS - Dumb Ways to Die, Treeverse - Plots, Taiyo Robotics and more collections added to Kraken NFT

Recommended

Meta Announces Layoffs Affecting 13% of Workforce; More Than 11,000 Employees to Be Fired Amidst ‘Cultural Shift’ – Bitcoin News

November 9, 2022

Swifties Are Mad at Live Nation: But Is It the Villain or the Anti-Hero?

November 21, 2022

Don't miss it

Investment

Book Review: Investing in the Era of Climate Change

January 27, 2023
News

Biden’s “Renters Bill of Rights” Is Here — Is Nationwide Rent Control Coming?

January 27, 2023
Investment

ADU Real Estate Investing: Is It Worth It?

January 27, 2023
News

The Best Reason To Retire Early: Years Of Greater Happiness

January 27, 2023
Digital Payment

Scottie Pippen SP33, Murder Head Death Club, Kanpai Pandas, Claynosaurz and more collections added to Kraken NFT

January 27, 2023
Digital Payment

FTX Lawyers Attempt to Question Bankman-Fried’s Family and Inner Circle for Financial Insight – Bitcoin News

January 27, 2023

© 2022 Financial Tips News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us

© 2022 Financial Tips News Hubb All rights reserved.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/