Bitcoin

Bitcoin’s price has been barely higher for 12 days since its inception than it is now

Bitcoin (BTC) price, which is currently at $ 16,320, In the 4,332 days of the coin’s existence, it was at this level or higher for only 12 days, This corresponds to only 0.28% of the useful life of the cryptocurrency.

The cryptanalysis platform Messari published data indicating this The closing price had passed $ 16,320 in just another 12 daysOf these, 10 occurred December 7-20, 2017 and the highest closing price was $ 19,378 on December 16. Any investor who bought at the all-time high of $ 20.089 would still be 18.35% lower. On the contrary, lInvestors who bought this cycle’s low of $ 3,126 on December 15, 2018 would gain 424%.

From the other top 10 currencies Only Chainlink (LINK) comes close to Bitcoin from a distance, with the coin above its current price of $ 12.70 for 2.7% of its life.

Bitcoin’s price has been barely higher for 12 days since its inception than it is now
Bitcoin’s price has been barely higher for 12 days since its inception than it is now

In contrast, most altcoins still do not enter proportionally rare price ranges. The current price for Ether (ETH) of 464 USD was exceeded in 201 days in the past. This corresponds to more than 10% of the 1,933 full days since the Ethereum network went live.

The prices for XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB), Polkadot (DOT) and Cardano’s ADA, vary between 9.7% and more than 30%. BCH outperforms all other coins that are at least a third of its life above the current price of $ 258.

Bitcoin’s sharp surge above $ 16,000 also recently saw record volumes. With a Bitcoin trading volume of over $ 5.5 billion on November 5th Only nine days have shown the strongest volume in Bitcoin’s history.

Compared to this day in previous years Investors saw gains of 88%, 2,275%, 4,326% and an astonishing 5,833,991% in 2019, 2016, 2013 and 2010.

In other words, The $ 1 investment in Bitcoin on November 13, 2010 would have increased to $ 58,339 today.

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