Bitcoin has undergone many changes over the years, but this Christmas has marked some important changes for the original cryptocurrency. Read on to find out what the holiday season has brought over the years.
Bitcoin has been around for a decade of Christmas, but how has the price been affected during this time? Let's take a look to see how the price of Bitcoin has been affected by the Christmas of past years.
2010: $0.06
2011: $4.00
2012: $12
2013: $654
2014: $318
2015: $456
2016: $868
2017: $13,593
2018: $3,767
2019: $7,315
During the first Christmas celebrations that Bitcoin went through, the asset was still quite low, not exceeding the low double digits. However, in 2013, Bitcoin began to look up, which happened the same year that Bloomberg TV host Matt Miller gave some of his colleagues the cryptocurrency as a gift during the series "Bitcoin 12 days".However, a hacker stole Bitcoin after Adam Johnson reached the QR code for the private key associated with his gift certificate.
In 2014, the price fell approximately half of the value of the previous year. Only a few days before, a major Bitcoin merchant named Charlie Shrem was arrested and sentenced to two years in prison, after his transactions in the Silk Road online marketplace.
Christmas 2015 brought a new milestone: 15 million Bitcoins were extracted. Transactions increase exponentially until 2015, increasing transactions five times since January of that year. On the following Christmas of 2016, analysts hoped that Bitcoin would still reach $ 1,000 that year, but the token did not end up exceeding that milestone until early 2017.
The token reached $ 20,089 on December 17, 2017. At Christmas, a week later, Bitcoin had dropped to $ 13,593 in Christmas value, and continued to fall to $ 9,674 in just one month. At the end of 2018 at Christmas, Bitcoin had only managed to reach $ 3,767, even though the price had reached $ 4,262.48 the day before. Some media websites examined why the price dropped so drastically in just 24 hours, suggesting that some consumers were taking advantage of the holidays. Others suggested manipulating the market that was then corrected.
Today, Bitcoin stands at $ 7,315.66 at the time of writing, falling 2.79% in the last 24 hours. While the asset is on the rise, the price hike that Bitcoin experienced in 2017 remains the highest ever. What could I bring next Christmas? Will the price see a massive jump or a drop in the next 24 hours like last year?