Bitcoin today has officially entered the longest bear market ever in the 10-year history of Bitcoin. But the crypto space has never been better with developments going at a fast pace.
Officially Enters the Longest Bear Market
The leading cryptocurrency has officially entered the bear market in the 10-year history of Bitcoin that has already seen three bear cycles. The longest one till now has been the last one between the period of December 2013 to January 2015 that lasted about 13 months.
Now, we have set the record of the longest bear market as after Bitcoin hit $20,000 in mid-December 2017, BTC hit its 2018 lowest in December 2018 at $3,150. In these past 411 days, Bitcoin has been on a downward slope.
Though Bitcoin has seen the longest stretch of declining prices, it is expected to test even more lows and see more pain moving forward. Currently on an 82 percent decline from its 2017 peak, at the time of writing, Bitcoin has been trading at $3,479, as per the data provided by…
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