"RBC-Crypto" does not provide investment advice, the material is published for informational purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.
Almost every Bitcoin growth cycle occurs at a qualitatively new level, where not only capitalization grows but also institutional and regulatory recognition worldwide. And the sharp drop in the price of the main cryptocurrency in 2025 is another reminder that the crypto market, while maturing, does not cease to be volatile and sensitive to global risks.
On Catholic Christmas Day, December 25th, many members of the crypto community recall what the market was like for the main cryptocurrency in previous years. The service Coingecko published Bitcoin prices for the past ten years based on data for each December 25th.
The year 2025 was notable for breaking the pattern of the last nine years, where a decline occurred in the year following three consecutive years of price growth.
2015: $456
A period of consolidation and accumulation after the completion of the previous market cycle.
2016: $894
A 96% increase amid expectations of the upcoming halving (a reduction in Bitcoin's emission rate approximately every four years) and the formation of an upward trend.
2017: $14.3K
The peak of retail frenzy with a 1500% increase. Bitcoin becomes a phenomenon in financial markets.
2018: $4.0K
A phase of deep correction with a 72% drop after the speculative bubble of the previous year. The height of the bear market.
2019: $7.3K
A stage of Bitcoin price recovery with positive dynamics of 81%, the initial phase of exiting the bear market.
2020: $23.8K
The beginning of a new institutional cycle against the backdrop of unprecedented money printing by world central banks during the COVID pandemic. The annual increase was 227%.
2021: $50.9K
Reaching a new all-time high with a 114% increase, fueled by the activity of institutional investors.
2022: $16.8K
A period of crypto winter: a series of crises with the collapse of the Terra (LUNA) crypto project and the bankruptcy of the FTX crypto exchange, as well as the tightening of the US Federal Reserve's monetary policy, led to a 67% decline.
2023: $43.0K
A powerful recovery of 155%, driven by expectations of approval of spot Bitcoin exchange-traded funds (ETFs) in the US.
2024: $98.7K
Continuation of the bull trend with a 130% increase after the successful launch of ETFs and significant inflow of institutional capital.
2025: $87.6K
An 11% correction as a result of macroeconomic shocks and large-scale liquidation events in October. 2025 became the third year in history when the Bitcoin price on December 25th decreased compared to the previous Christmas.
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