RATE Group | Bitcoin has gone 173 days without hitting an all-time high — its longest stretch in about 2 years
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Bitcoin has gone 173 days without hitting an all-time high — its longest stretch in about 2 years

08 Jun Bitcoin has gone 173 days without hitting an all-time high — its longest stretch in about 2 years

Posted at 00:51h in Bitcoin News by

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Bitcoin prices rose Thursday, but the cryptocurrency hung below $8,000, highlighting a fallow period for the asset that has traversed its longest stretch without marking a fresh record in two years.

According to Charlie Bilello, director of research at Pension Partners, 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%. As the chart below indicates, that marks the longest stretch without a fresh record since the 1,176-day period that ended in the late summer of 2016.

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