Looking Back at Bitcoin Price Trends from Past Christmases
Worried about the recent crypto price trends? Not sure what’s happening? Don’t think you’re alone; millions of crypto enthusiasts across the globe are concerned. The present crypto price trends are making it complicated for people to Buy and sell cryptocurrency in Australia from the best crypto trading exchange. But according to the crypto analysts and enthusiasts, the crypto price might reach $40,000 by the end of 2020. It means maybe Santa will come with the good news. What do you say? To get a clear picture, let’s look back to how the crypto market performed in some of the last Christmases.
The crypto market has grown dramatically in the last few years, trading Bitcoin in Australia and other parts have seen exponential rise. Did you remember anyone predicting the crypto rise of such a scale during that time? It was beyond imagination and that’s why one can’t predict crypto behavior. As we look back on the previous Christmas price trends of popular cryptocurrencies, we can see a significant turnover of these currencies.
Everyone remembers 2017 Christmas because crypto prices broke all records, but it was 2014 Christmas that saw an increase of nearly 1,000% in the number of virtual currencies. Though many new cryptocurrencies joined the market, the price performance of popular cryptos was bearish. Almost all popular cryptocurrencies lost half of its value; trading Bitcoin in Australia was around $318 then.
The year 2015 was satisfactory for Bitcoin enthusiasts as its price gained over 30 percent in the last year. Bitcoin is the most dominant cryptocurrency; more or less all crypto prices follow BTC trends. During Christmas 2015, the price fluctuated so high and reached at $416.50. Slowly crypto price trends were garnering the attention of enthusiasts; many were hesitant to invest fearing huge price fluctuations. Almost all popular crypto prices saw a considerable price increase, ending the year 2015 on a high.
Many crypto investors will remember the 2016 Christmas because Bitcoin price increased by around 111%. It was that time of the year people started realizing and taking Bitcoin seriously. Internet, news, and magazines have started considering the next big thing. From $416, the Bitcoin price reached $878.80 in December 2016. Like always all popular digital currencies gained momentum and it was that time when Bitcoin was getting popular.
Not many individuals will forget 2017 Christmas very soon; it was a dream run which surprised everyone. Who would have thought cryptocurrencies will make such an impact? It was after December 2017 that the whole course of Bitcoin and other digital currencies changed. Even though crypto prices have crashed recently, it was the 2017 Bull trend that grabbed the attention of many common people. Christmas 2017 was special for every crypto investor as Santa delivered bountiful gifts to the crypto community. Bitcoin price gained around 1,500% in the last one year touching the magical figure. From $879 Bitcoin soon claimed to $14,057.
Suddenly investing in digital currencies in Australia increased, people who have been criticizing Bitcoin for long ended up investing huge money. Christmas 2017 showed the world miracles do happen and this time it was in the form of Bitcoin. Apart from Bitcoin, cryptocurrencies like Litecoin, Ethereum and Monero gained immensely.
After a dream 2017 Christmas, every crypto investor and enthusiast were expecting another surprise from Santa, but all crypto markets face huge losses. Bitcoin price dropped by almost 70% in the last year, says it all. From $14,057 in December 2017, Bitcoin was traded for $4,200 in December 2018.
The year 2019 saw crypto prices consolidating. On December 25th, 2019, the Bitcoin price was $7,325 which allure many investors to invest in it.
At the time of writing, this article Bitcoin price is hovering around $9,759. Expectations around digital currency have undoubtedly increased massively this year. So, it is the best time to invest in the top Bitcoin trading platform in Australia.
Now as we are gearing up to enter 2020, it’s the time to set the platform for coming Christmas. How do you expect the cryptocurrency market to perform by Christmas 2020?