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Bitcoin has been a bullish funding in 4 of the final six Decembers and unfavorable the opposite two occasions. At present, BTC is up 16.5% from this December’s opening worth.
Bitcoin worth stats within the final six years. Supply: Crypto Knowledge Obtain
December Bitcoin Stats
With taxes due in January, analysis of beneficial properties and losses turns into crucial. Additional, some may also be taking a look at alternatives to take a position any after-tax income.
Previously, BTC purchased on Christmas day has yielded optimistic annual returns 5 of the final six years. In reality, in 2016 and 2018, Christmas costs have been near the underside.
Bitcoin worth on the final six Christmases. Supply: Crypto Knowledge Obtain
The typical return in December throughout the identical interval is 13.7%. Whereas the information for 2017 is an outlier, excluding the beneficial properties of 2017. The imply is 8.6%.
BTC is altering arms at $24,097, at press time, with a optimistic yield of 16.4%.
Bitcoin December beneficial properties within the final six years. Supply: Crypto Knowledge Obtain
The typical final quarterly return since 2014 is 50%. This time BTC has already gained 118.1% with every week left for the year-end.
Bitcoin quarterly beneficial properties within the final six years. Supply: Crypto Knowledge Obtain
Bitcoin’s imply volatility in December within the final six years is 51.9%. Its volatility has dropped considerably since 2019; the present 30-day volatility is 3.46%.
The typical yearly acquire in Bitcoin since 2014 is 225%.
At present, BTC worth has elevated by an equal share because the final six yr’s imply, buying and selling above its all-time highs of 2017.
The above statistics rhymes with Bitcoin returns in 2015 and 2016, suggesting a repeat of 2017. Nonetheless, the danger above all-time highs has raised the stakes for bulls.
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