The current bear market has become the longest in the history of Bitcoin

The price of bitcoin shows a downward trend in the last 411 days. This is the longest bear market for the ten-year history of the first cryptocurrency, reports CoinDesk .

On December 17, 2017, Bitcoin reached an absolute maximum in the region of $ 20,000, after which the decline began, which continues to this day. Note that the bear market in 2013-2015 lasted 410 days.

CoinDesk data

Nevertheless, if we talk about the fall in prices as a percentage, the collapse of 2011 is still the worst. Then Bitcoin lost in the price of the order of 93%, falling from $ 31.50 to $ 2.01. That bear market lasted for 163 days.

During 2013-2015, the cost of the first cryptocurrency slipped by 86%. It is noteworthy that today Bitcoin has fallen by 82% relative to the absolute maximum, but uncharted waters are still ahead.

As of 9:00 UTC, bitcoin is trading at around $ 3,400.

Bitstamp data

Earlier, the BlockchainJournal published a traditional analysis of cryptocurrency prices.

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