Since its creation to date, Bitcoin has only spent 12 days at or above the current level
Yesterday Bitcoin (BTC) closed the day at $16,320: since its creation to date, the cryptocurrency has only spent 12 days at an equal or higher level.
According to data published by the Messari crypto analysis platform, the closing price exceeded $16,320 only in another 12 days: 10 of these Bitcoin Era are between 7 and 20 December 2017, with the highest closing recorded on 16 December at $19,378. Investors who bought at the historical high of $20,089 would still be losing 18.35%. Conversely, investors who bought at $3,126, the low in this cycle reached on 15 December 2018, would be in profit by 424%.
Among the other cryptocurrencies in the top 10, only Chainlink (LINK) is vaguely close to Bitcoin. The token has spent 2.7% of its life above the current price of $12.70.
Most altcoins, however, have yet to reach proportionally rare price ranges. In the past, the current price of Ether (ETH) of $464 has been exceeded for 201 days, equivalent to over 10% of its 1,933 days of activity since the network launch.
The prices of XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB), Polkadot (DOT) and Cardano (ADA) are between 9.7% and over 30%. BCH exceeds all the other coins, having spent at least a third of its life above the current price of 258$.
Recently, the strong rise of BTC over $16,000 has set other records. On November 5, the trading volume in Bitcoin reached $5.5 billion, a figure exceeded only in nine days in the history of cryptocurrency.
Compared to this day in previous years, investors saw profits of 88%, 2.275%, 4.326% and a staggering 5.833.991% for 2019, 2016, 2013 and 2010 respectively.