Market · December 15, 2018
BTC bottoms at ~$3,200 (84% drawdown)
Price at event
$3,220
Today
$73,442
Since then
×22.8
End of the cycle-3 bear market. Bloomberg writes a full-blown obituary the same week. Three years later: $69,000.
⸺ Sources ⸺
- newsCoinDesk: A Year After Bottoming Out at $3,100, Bitcoin Is Up 127% (cites Dec. 15, 2018 low of $3,122 per CoinDesk BPI) ↗
- newsCoinDesk: Bitcoin Drops Below $3.4K to Set a New 2018 Low (contemporaneous Dec. 7, 2018 report citing 84.28% drawdown from ATH) ↗
- referenceWikipedia: Cryptocurrency bubble (Bitcoin reached a low of ~$3,100 in December 2018; ~80% drawdown from peak) ↗