In the know, old bean:
- Bitcoin soldiers on, sticking to its old song and dance, despite the pesky tariff kerfuffle.
- Bit of a rollercoaster, this Bitcoin, but it’s been bouncing between $90,000 and $109,000 like a rubber ball for the past 2.5 months.
Now then, Bitcoin (BTC) is still traipsing along the path of its 2017 shenanigans. Market’s been a bit choppy, what with the U.S. and its chums having a bit of a spat over tariffs, not to mention China joining the rowdy party.
Bitcoin’s still a good 525% up from its gloomy days during the FTX fiasco in November 2022. At this stage in the 2017 cycle, it had bloomed a smashing 533%.
Another way to peek at Bitcoin’s cyclical capers is by looking at the returns from its previous all-time highs. The last cycle’s peak was in April 2021, at roughly $64,000, though it did have a brief fling at $69,000 in November 2021.
But many a clever clogs say April 2021 was the real topper. Despite the world’s geopolitical squabbles, Bitcoin’s been as consistent as a clockwork in following its old cycles.
Bitcoin (BTC), the cheeky blighter, has been hemmed in between $90,000 and $109,000 for the past 2.5 months, like a gentleman in a tight suit. It keeps pushing the boundaries, testing the upper and lower limits of its little trading box.
Meanwhile, the chaps at CoinDesk had a peek and decided $91,000 was a bit of a nadir for the old Bitcoin.
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2025-02-04 14:43