The value of Bitcoin and Ethereum has surged, resulting in a substantial increase to $100.
If you had made the decision to invest $100 in both Bitcoin (BTC) and Ethereum (ETH) last Christmas, you would be pleasantly surprised by their current values. The crypto market, which experienced a prolonged winter in early 2022, has now shown a stark contrast in the value of these major cryptocurrencies compared to the previous year.
To get into the specifics, on Christmas Day in 2022, Bitcoin was valued at around $16,900. Today, it stands at approximately $43,500. This impressive growth means that a $100 investment in Bitcoin a year ago would now be worth about $257.4, representing a significant 157.4% increase.
Ethereum has also demonstrated a similar performance. It has surged from around $1,200 on Christmas Day 2022 to approximately $2,290 today. As a result, a $100 investment in Ethereum last Christmas would now amount to approximately $190.83, marking a notable 90.8% increase.
As we enter 2024, the market is filled with optimism. The anticipation surrounding Bitcoin ETFs and the halving event suggests that the market may return to its all-time highs. Analysts are hopeful that this bullish trend will continue beyond the next Christmas, although it ultimately depends on market sentiment in the new year.
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