Bitcoin is growing again. This year, by 38 percent. up, but still a shadow of himself

The last 10 months have been an extremely difficult time for Bitcoin holders. Since the beginning of April 2022, the cryptocurrency has experienced several waves of huge drops in value, through which many investors could lose a fortune.

Bitcoin is rising again. by 35 percent in a month

The last big drop in the value of Bitcoin took place at the turn of the first and second week of November, when the value of the virtual currency dropped from just over 21.3 thousand. hole. November 5 to 15.76k hole. November 9. A similar exchange rate (below USD 17-18 thousand) was maintained for the following weeks.

It wasn’t until January that Bitcoin started to grow again. On January 14, it almost exceeded 21,000. dollars, and on January 20 it was already 22.7 thousand. hole. Since Monday, the exchange rate has been above 22,000. dollars, and on January 25 and 26 it exceeded 23 thousand. hole. Currently (as of January 27, 10:00 am) it is $ 22,969. This is 37.5 percent. more than a month ago and by over 38 percent. than in early January.

Bitcoin is therefore currently at its highest value this year and since November 5, but on a larger timescale it is in the red. In the last six months, the cryptocurrency had an almost identical exchange rate as today, but a year ago it was over 38 percent higher. higher.

Bitcoin is a shadow of itself today. In 2021, it was almost 3 times more expensive

It is still bad compared to, for example, the first and second quarters of 2022. On March 29, the virtual coin cost 47.45 thousand. dollars, which is more than twice as much as today. All months since May last year have been bad for Bitcoin. Even last New Year’s Eve, the Bitcoin rate was 16.5 thousand. hole.

The golden time for Bitcoin was the first half of 2021 (or at least most of it). For most of October 2020, the exchange rate did not exceed 13,000. dollars. At the beginning of January 2021, Bitcoin was twice as expensive, and on January 8, 2021, for the first time in history, the rate broke 40,000. hole. In March and April, you had to pay 50-60 thousand for one coin. hole.

The last time the popular cryptocurrency was so expensive was in October and November 2021 Bitcoin, when it cost about 60,000. hole. On November 12, 2021, you had to pay 64.4 thousand for the virtual coin. hole. Then began a wave of spectacular declines.