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.
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 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…
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