Quick Take
Bitcoin, known as the gold standard of cryptocurrency, has impressively held the title of the best-performing asset over the past decade. This is no small feat, given the competitive nature of the financial markets.
A fascinating aspect of Bitcoin’s performance is the number of days the asset has spent within various price ranges.
For instance, the cryptocurrency lingered between $0 and just under $5,000 for an extended period of 2,782 days.
However, as the price brackets increased by $5,000 increments, the number of days Bitcoin spent within these ranges has progressively diminished. This suggests a rapid ascension in Bitcoin’s price over the years.
In recent times, Bitcoin has been trading within the $30,000 range. Interestingly, it has remained within this bracket for approximately 100 days.
This duration appears to be consistent with the length of time Bitcoin has historically spent in other similar price ranges. It underscores the consistent and ongoing expansion of Bitcoin’s market value, further reinforcing its position as a leading asset in the financial landscape.
The post Bitcoin’s resilient journey: a decade-long analysis of value and growth appeared first on CryptoSlate.
