{"id":15835,"date":"2022-12-25T16:52:05","date_gmt":"2022-12-25T16:52:05","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/btc-wraps-up-13-consecutive-years-of-recorded-market-value-with-no-santa-rally-in-2022-featured-bitcoin-news\/"},"modified":"2022-12-25T16:52:05","modified_gmt":"2022-12-25T16:52:05","slug":"btc-wraps-up-13-consecutive-years-of-recorded-market-value-with-no-santa-rally-in-2022-featured-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/btc-wraps-up-13-consecutive-years-of-recorded-market-value-with-no-santa-rally-in-2022-featured-bitcoin-news\/","title":{"rendered":"BTC Wraps up 13 Consecutive Years of Recorded Market Value, With No Santa Rally in 2022 \u2013 Featured Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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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\u2019s Eve, and five of the 13 years saw bearish returns from Dec. 1 to Dec. 31. There\u2019s still six more days left until the end of 2022, but current market action seems to point toward negative returns this month.<\/strong><\/p>\n

13 Years of Bitcoin Prices in December<\/h2>\n

2022 wasn\u2019t the greatest year for bitcoin (BTC)<\/a> in terms of market value measured in fiat. At the start of the year, BTC<\/a> was trading for roughly $46K per unit and since then, the price has tumbled 63% since the first of Jan. 2022. According to records<\/a>, 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<\/a> on New Liberty Standard (NLS). At that rate, whoever was buying bitcoins at that time via NLS could get around 1,309.03 BTC<\/a> for $1.<\/p>\n

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In Dec. 2010, bitcoin (BTC<\/a>) jumped 42.85% higher during the course of the month.<\/figcaption><\/figure>\n

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<\/a> for for a single greenback. On Dec. 28, 2009, NLS quotes are around 1,578.76 BTC<\/a> for $1. In Dec. 2010, BTC<\/a>\u2019s price was much higher and on the first day of the month, BTC<\/a> 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.<\/p>\n

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In Dec. 2011, bitcoin (BTC<\/a>) jumped 43.09% higher during the course of the month.<\/figcaption><\/figure>\n

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

2014 saw a 15.57% loss as BTC<\/a> traded for $379.25 on Dec. 1, and found itself changing hands for $320.19 by the year\u2019s 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\u2019s end it jumped 18.78% higher as it exchanged hands for $430.57 per unit. Similarly, on Dec. 1, 2016, BTC<\/a> was trading for $756.77 and by Dec. 31, it was up 27.34% and was swapping for $963.74 per coin.<\/p>\n

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In Dec. 2020, bitcoin (BTC<\/a>) jumped 53.59%<\/span> higher during the course of the month.<\/figcaption><\/figure>\n

BTC<\/a> 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<\/a>. History shows that three out of the four next Decembers saw negative returns. In 2018, BTC<\/a> swapped for $4,194.39 on Dec. 1, and on Dec. 31, BTC<\/a> 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.<\/p>\n

2020 was the best bitcoin Santa rally ever recorded as BTC<\/a> jumped 53% higher during the last month of the year. On Dec. 1, 2020, BTC<\/a> swapped hands for $18,876.77 per coin and by the year\u2019s end it was up to $28,994.35. At the end of 2021, BTC<\/a> prices dropped during the last month, sliding 18.92% in USD value during the course of 30 days.<\/p>\n

On Dec. 1, 2021, BTC<\/a> was trading for $57,217.66 per unit and by the month\u2019s end, BTC<\/a> was down to $46,387.98 per coin. Last month, wasn\u2019t the greatest for BTC<\/a> 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.<\/p>\n

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<\/a> could jump 10% or more higher and end 2022\u2019s dismal bear market with a bang. Or we just might see what we\u2019ve 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.<\/p>\n

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\nTags in this story
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2010<\/a>, 2011<\/a>, 2012<\/a>, 2013<\/a>, 2014<\/a>, 2015<\/a>, 2016<\/a>, 2017<\/a>, 2018<\/a>, 2019<\/a>, 2020<\/a>, 2021<\/a>, 2022<\/a>, 2022 performances<\/a>, Bitcoin<\/a>, Bitcoin (BTC)<\/a>, Bitcoin Market<\/a>, December<\/a>, Decembers<\/a>, Last Month<\/a>, Last month of the year<\/a>, rally<\/a>, Santa Rallies<\/a>, Santa Rally<\/a><\/div>\n<\/div>\n

What do you think about the last 13 years of bitcoin\u2019s recorded value? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie 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.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: 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<\/a> 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.<\/p>\n<\/div>\n

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