This article highlights the historical performance of Bitcoin during the Thanksgiving holiday period over the past five years. It discusses how Bitcoin has experienced significant price swings and attention-grabbing moments during this time. The article mentions the "Thanksgiving Day Massacre" in 2020 when Bitcoin's value dropped by 17% but later rebounded to reach $30,000 by the end of the year. In 2021, Bitcoin saw a 214% leap in price, showcasing its growing appeal as an investment. However, in 2022, Bitcoin faced a bear market and lost 71% of its value. By Thanksgiving 2023, Bitcoin's prices started climbing steadily due to global monetary easing and enthusiasm for Bitcoin ETFs. As of Thanksgiving 2024, Bitcoin is hovering near $100,000, close to its all-time high. Analysts have varying opinions on its future performance, with some predicting another drop similar to the "Thanksgiving Day Massacre." Overall, the article highlights Bitcoin's volatility and resilience, leaving investors uncertain about its future.
- Content Editor ( news.bitcoin.com )
- 2024-11-28
Bitcoin's Thanksgiving Drama: 5 Years of Crashes, Comebacks, and Chaos