Here's What Bitcoin Was Worth on Every Christmas Eve Since Its Inception — 2017 Will Shock You [Yahoo! Finance]
Coinbase Global, Inc. - 3Class A (COIN)
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Source: Yahoo! Finance
Analysts believe holiday trading rarely changes Bitcoin's broader trend. A year-by-year look at Bitcoin's price on the day before Christmas highlights how a particular festive year, almost ten years ago, reshaped investor perceptions — and set the stage for Bitcoin's massive growth. Below are Bitcoin's approximate prices recorded on Christmas Eve each year since early adoption took hold: Bitcoin's Christmas price surge in 2017 marked the asset's first mainstream breakout. Beginning the year trading below $1,000 and surging past $16,000 by the end of December, Bitcoin extended what was then a record-breaking rally. According to on-chain data, Bitcoin reached an intraday high of $16,663.18 in mid-December, gaining more than 50% in a single week. The gain drew significant pushback from critics at the time who warned that Bitcoin's surge showed the hallmarks of a speculative bubble. Back then, many people drew comparisons to the dotcom boom and warned that prices could turn
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