Post
Topic
Board Economics
Re: Bitcoin Is Now Officially In Its Longest Bear Market Ever
by
Bunsomjelican
on 08/02/2019, 18:10:02 UTC
Bitcoin has officially entered the longest stretch of declining prices in its 10-year history.

The world’s oldest and most valuable cryptocurrency achieved an all-time high of $19,764 on Dec. 17, 2017 on the CoinDesk Bitcoin Price Index and has printed a series of lower price highs ever since, making February 2 (as per UTC time), the 411th consecutive day prices have been in decline.

As such, bitcoin’s latest stretch surpasses the duration of the infamous 2013-2015 bitcoin bear market, which spanned 410 days from its price high to low.

the full article can be found here https://www.coindesk.com/bitcoins-price-longest-ever-bear-market

Agreed, this is the reality things happen. The longest time ever running of Bear market for the past 1 decade. Before every year bear was happening only for a months but this time it takes more than 12 months already. And we don't know exactly why? there are lot of answers by many here but all of it are just an opinion and speculations only.