Bitcoin has officially entered the longest stretch of declining prices in its 10-year history.
The worlds 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, bitcoins latest stretch surpasses the duration of the infamous 2013-2015 bitcoin bear market, which spanned 410 days from its price high to low.
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https://www.coindesk.com/bitcoins-price-longest-ever-bear-marketIt was to be expected, the price of bitcoin reached prices so high that it was impossible for bitcoin to recover in a fast way, one of the most important factors for it is that people are afraid, they understand that the potential of bitcoin is enormous but now they understand as well that the volatility of bitcoin is not something that you can take lightly, it does not matter who you are, losing 75% of your money in a year is difficult and everyone else watching the markets will be afraid the same can happen to them.