Longest Bear Market In Crypto
After hitting an all-time high near $20,000 in mid-December 2017, The the value of bitcoin (), the flagship cryptocurrency, has been dropping throughout 411 days and counting.The cryptocurrency ecosystem has so far lost about $700 billion from its peak The cryptocurrency market, at its peak in late 2017, reached a valuation of $0.8 trillion. The recent crypto bear bitcoin usd cash price market is likely going to be the longest correction in its history because of the level of awareness the asset class gained at its peak in 2017 We are now in the midst of the longest Bitcoin bear market in history. The current cryptocurrency bear market is now officially the longest in history. As Ran Neuner, the host of CNBC’s Crypto Trader said, if the latest bear market lasts for another month, it will surpass the 420-day correction the crypto market experienced from 2014 to 2015..We are now officially in the longest cryptocurrency bear market ever seen. CCN In the last 24 hours, the crypto market slightly recovered from $111 billion to $113 billion as Bitcoin rebounded to $3,400 The total period for the bear market of 2014 was 410 days, and within that period, the price of bitcoin longest bear market in crypto dropped by 86.08%. As it stands today, the current Bitcoin bear market has reached approximately 414 days of falling BTC price. The Bitcoin market has primarily showcased three major cycles in its history of 10 years. Congratulations for still being here, it's been tough for cryptocurrency fans Crypto Winter: Bitcoin today records the longest bear market ever.
If we observe the current bear market, which started on longest bear market in crypto December 2017 following Bitcoin’s high of $20,000, the bear market had continued since then, while Bitcoin records the price of 84.07% decline from its highest point The cryptocurrency and digital asset market might be on the way to experience the longest bear market in its ten-year history. The three cycles have some remarkable similarities, only each is bigger than the btc first semester result 2016 last one Bitcoin has officially entered the longest stretch of declining prices in its 10-year history. History’s longest Bitcoin bear market! The world’s oldest and most valuable cryptocurrency achieved an all-time high of $19,764 on Dec. Which, is longer than at any period in the 10-year history of the cryptocurrency. Cryptocurrency Market Officially in Longest Bear Snooze in History – How Long Will it Last? 17. As the host of CNBC’s Crypto Trader, Ran Neuner said if the latest bear market lasts for another month, it will surpass the 420-day correction the cryptocurrency market experienced from 2014 to 2015 By CCN.com: The crypto market is en route to experiencing the longest bear market in its 10-year history.