Bitcoin’s Rarity at $16,320
The current Bitcoin price of $16,320 is remarkably unique in its history. With only 12 days where the price touched or exceeded this level since its inception, it showcases the rarity of this price point. This translates to a mere 0.28% of Bitcoin’s total lifespan of 4,332 days. Talk about living in a once-in-a-lifetime scenario!
Comparison with Historical Peaks
Analyzing past performance, the only instance where Bitcoin achieved a higher closing price was during a captivating sprint in December 2017, particularly the 16th, which saw an all-time high of $19,378. Investors at that peak might still have heartburn today, as those who bought in at the glorious high of $20,089 are sitting 18.35% down. However, there’s a silver lining; those who entered the market at the cycle’s low of $3,126 on December 15, 2018, are enjoying a fantastic appreciation of 424%!
Altcoin Performance Snapshot
When it comes to altcoins, it’s a different story. Of the leading currencies, only Chainlink (LINK) can make a claim to fame, being above $12.70 for approximately 2.7% of its lifecycle. Contrast this with Ethereum (ETH); its current price of $464 has been surpassed over 201 days, which makes up more than 10% of its 1,933 days post-launch. It’s clear that Bitcoin is in a class of its own.
The Great Volume Surge
Bitcoin’s recent rally past the $16,000 mark has triggered an astonishing spike in trading volume. On November 5, trading volumes soared past $5.5 billion, only being eclipsed by nine days in Bitcoin’s storied history. A clear indicator that the community is ablaze with activity!
Profits and Returns Over the Years
Let’s look at the gains over the years. Investors have seen returns of 88%, 2,275%, and even an outrageous 5,833,991% in the glorious years of 2019, 2016, 2013, and even 2010. To illustrate this point – if someone invested just $1 into Bitcoin back on November 13, 2010, that modest sum would now balloon to an astonishing $58,339. Who knew that a coffee cup’s worth of change could turn into a small fortune?
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