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
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