![\"Crypto](\"https:\/\/i-invdn-com.investing.com\/news\/Ethereum_800x533_L_1556445146.jpg\")
\nCrypto Moves Of Christmas Past: How Bitcoin, Ethereum And Dogecoin Usually Trade Near Year-End<\/span>
\n\n<\/div>\n
Benzinga – As Christmas is here, investing in cryptocurrencies may be the last thing on many people\u2019s minds, especially in a year that saw digital coins getting pummelled. But (CRYPTO: BTC), (CRYPTO: ETH), and (CRYPTO: DOGE) have their own holiday story to tell through the years.<\/p>\n
See Also: How To Buy Bitcoin (BTC)<\/p>\n
The Bitcoin Christmas Bounce:<\/strong> Benzinga analyzed Bitcoin prices between Dec. 20 and Dec. 31 last year. Bitcoin rose above the $50,800 mark around Christmas Eve and was buoyant around this period. However, the apex cryptocurrency closed at $46,306.45 at the end of 2021.<\/p>\n Overall, 2021 was a great year for cryptocurrencies, including Bitcoin. But 2022 has acted more as a dampener. In 2021, investors were riding an all-time high of $68,789.63 in November of that year. Fast forward to the end of 2022, the apex coin has fallen 75.6% from that level.<\/p>\n BTC-USD Performance In December 2021 \u2014 Courtesy CoinMarketCap<\/p>\n In 2020, the trend was quite the other way around, as Bitcoin rose to $29,00.72 on the last day of that year. The coin capped Christmas Eve at $23,735.95. <\/p>\n \nBTC-USD Performance In December 2020 \u2014 Courtesy CoinMarketCap<\/p>\n Ethereum Followed Big Brother: <\/strong>Ethereum followed the apex coin in terms of price action during the holiday season of 2021. The second-largest coin hit the $4,100 mark on Christmas eve, but on the last day of trading that year, it closed at 3,682.63.<\/p>\n The Vitalik Buterin<\/strong>-founded coin was riding the nonfungible token boom in 2021. The coin enjoyed a rise of nearly 450% during that year touching an all-time high of $4,648.54 on Nov. 10, 2021. During that month, Ethereum\u2019s decentralized finance protocols had $122 billion locked in value. However, by the following month in December, things had cooled down for the cryptocurrency.<\/p>\n \nETH-USD Performance In December 2021 \u2014 Courtesy CoinMarketCap<\/p>\n During the 2020 holiday season, things were not the same. ETH ended Christmas day at $626.41 but on the last day of trading that year, it was at $737.80.<\/p>\n \nETH-USD Performance In December 2020 \u2014 Courtesy CoinMarketCap<\/p>\n Santa Loves The Good Boi:<\/strong> Dogecoin rose during Christmas of 2021. The meme coin, known to attract celebrity bulls such as Elon Musk <\/strong>and Snoop Dogg<\/strong>, ended Christmas day at $0.19. On the last day of trading in 2021, it had fallen to $0.17.<\/p>\n By Christmas 2021, DOGE had risen a whopping 4,625% buoyed in part through the year by Musk\u2019s tweets on the meme coin. <\/p>\n \nDOGE-USD Performance In December 2021 \u2014 Courtesy CoinMarketCap<\/p>\n In 2020, the meme coin was seen around the $0.045 mark on both Christmas and New Year\u2019s eve. However, DOGE had crossed the 5-cent mark on Dec. 21, just before the holiday season.<\/p>\n \nDOGE-USD Performance In December 2020 \u2014 Courtesy CoinMarketCap<\/p>\n 2022 Was the Year Of Krampus:<\/strong> November saw the bankruptcy of Sam Bankman-Fried<\/strong>‘s cryptocurrency exchange FTX, <\/strong>which led to a massive downturn in the prices of major coins. This year has been dominated by hawkishness from major central banks around the world. <\/p>\n Glassnode dubbed 2022 one of the most \u201cchaotic, volatile, and financially brutal\u201d years for the digital asset industry in a report as the year drew to a close.<\/p>\n The on-chain analysis firm noted that the short-term realized volatility for Bitcoin is currently at multi-year lows \u2014 levels not seen since October 2020.<\/p>\n \nBitcoin: Annualized Realized Volatility \u2014 Courtesy Glassnode.<\/p>\n Similarly, future volumes are depressed and are at multi-year lows with both BTC and ETH trading at similar volumes of between $9.5 billion and $10.5 billion per day. <\/p>\n \nBTC Vs ETH Futures Volumes \u2014 Courtesy Glassnode<\/p>\n \u201cThis shows the massive impact of tightening liquidity, widespread deleveraging, and the impairment of many lending and trading desks in the space,\u201d said Glassnode.<\/p>\n The company noted that the loose monetary policy era of 2020-21 created a record year of total realized profit on-chain. Over $455 billion yearly was taken by Bitcoin investors moving funds on-chain with the peak arriving in November 2021. <\/p>\n \u201cSince then, a bear market regime has dominated, and the market has given back over $213 Billion in realized losses. This equates to 46.8% of the 2020-21 bull profits,\u201d noted Glassnode.<\/p>\n Read Next: Google (NASDAQ:) Says ‘Watch Out’ For Holiday Season Scams: Pay Attention To These Red Flags<\/p>\n \u00a9 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/i><\/p>\n