Bitcoin price shows a downward trend over the past 411 days. This is the most protracted bear market over the last ten years, the first cryptocurrency, according to CoinDesk.
17 December 2017, bitcoin reached an absolute maximum in the neighborhood of $20,000, then began a decline that continues to this day. Note that the bear market in 2013-2015 lasted 410 days.
However, if we talk about the price drop in percentage terms, the collapse of 2011 is still the worst. Then the bitcoin lost value of about 93%, falling from $31,50 to $2,01. Lasted the bear market 163 days.
During 2013-2015 the cost of the first cryptocurrency dipped to 86%. It is noteworthy that to date, bitcoin has fallen by 82% relative to the absolute maximum, however, there are still uncharted waters.
As of 9:00 UTC, bitcoin is trading around $3400.
We will remind, earlier ForkLog published the traditional analysis of the prices of cryptocurrencies.