Categories: Bitcoin NewsCryptocurrencies

173 days and counting: Bitcoin stumbles onwards

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On Thursday and also today, the price of Bitcoin has hovered below $7,800 (£5,814.90) and for a few days its volatility has remained at all time lows.

Pension Partners Research Director Charile Bilello says: “173 days have passed without Bitcoin reaching an all-time high, which it last accomplished in mid-December. Since then it has tumbled by about 60% … that marks the longest stretch without a fresh record since the 1,176-day period that ended in the late summer of 2016.”

Statistics also show that the longest sideways drift or period without forming any notable trends and neither the bulls or bears controlling prices was recorded between 2013 and 2017, when prices picked up again during the summer.

Olivier Acuña

Olivier has been writing for over 30 years. He has been based in six countries working for major news outlets including the Guardian, UPI & AP. He has covered massive earthquakes, presidential elections, immigration, and taken photos standing in the middle of shootouts between drug cartels, gone undercover to investigate organised crime, interviewed presidents, former presidents, heads of international organisations.