- Bitcoin may record new lows on the christmas day.
- In the previous three christmas festives BTC has seen price increase.
- After taking a beating this year, BTC may once again outperform.
Amidst the prolonged winter on the cryptocurrency market, which was aggravated by the failure of FTX, which was once one of the world’s largest crypto exchanges, traders are curious if there is still any hope for Bitcoin (BTC) to have a more positive Christmas Day. In the three years prior to this Christmas, Bitcoin’s value has seen an increase each year.
This year’s Christmas Eve could mark the end of the annual tradition of a price increase in Bitcoin as a symbol of the holiday. Finbold data suggests a bullish run during the holiday season may not be sustainable this year and that BTC may set new lows.
Mike McGlone, a senior commodity specialist at Bloomberg, tweeted his thoughts on Bitcoin’s price on December 19. He said Bitcoin is in for a “warm spell ahead” and would “resume its inclination to outperform” after “taking a beating in 2022 with most others.”
In other related news, Changelly, an instant cryptocurrency exchange that offers 400+ digital assets for cross-chain swaps, has announced a massive holiday marketing push. Between now and December 23rd, there are a variety of ways to receive Christmas presents from Changelly and its affiliates. Ledger, Venus Protocol, DeRace, TradeSanta, and Zeroth are just a few of Changelly’s Christmas campaign partners.
In order to take part, customers must make a purchase using the widget on Changelly’s promotional page before December 23 at 12:00 PM UTC. This will make the user eligible to participate in the Christmas game beginning on Friday, December 23. Every player in this game will have some say in what happens to the prizes.
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Kelvin enjoys writing about cryptocurrency and blockchain. He started blogging in 2019 and switched to cryptocurrency in 2020. Kelvin is interested in technology, football, chess, and Defi. He wants decentralization to benefit everyone on the planet.
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