Bitcoin's December Trends: Historical Insights And Recent Performance

According to BlockBeats, data from Coinglass reveals that Bitcoin has experienced mixed December performances historically, with six instances of declines and five of gains over the past 11 years. The most significant increase occurred in December 2020, with a monthly rise of 46.92%, while the largest drop was in December 2013, with a decline of 34.81%. Notably, Bitcoin has consistently shown a pattern of rising from September through the end of the year whenever it posts gains in September. This year, Bitcoin recorded a 7.35% increase in September, marking its best performance for that month in history. Additionally, the first quarter is typically a period when asset management companies allocate funds for the year. Over the past five years (2019-2023), four years have seen bullish trends during the Christmas period, with only 2021 experiencing a downturn after Christmas, marking the end of the previous bull market.