Bitcoin’s price exceeded $10,000 for 63 consecutive days for the first time ever since the coin has been created. The previous streak was at the end of 2017 when Bitcoin traded above this mark for 62 days in a row.
On Sunday, September 27, the dollar value of BTC was standing at $10,793, which enabled the first cryptocurrency to set a new highest record. The last period when Bitcoin managed to hold positions above $10,000 was for 62 days between December 2017 and January 2018. In this period the price of Bitcoin on the worldwide exchanges exceeded $19,900, multiplying its value by almost 100% in just two weeks.
The past eight weeks, however, have been somewhat calm for the coin, when compared to the same period nearly three years ago. In short, the original cryptocurrency traded at a comparatively small price range from $10,000 to $12,500. As reported by CoinMetrics, the 180-day yield volatility for BTC fell with over 41% in September.
We remind that, according to recent studies, the number of new investors is growing at a very fast pace on the Bitcoin market, which can potentially put additional pressure on the exchange rate of the first cryptocurrency. BTC is now trading at $10,880, which is more than a 52% increase in value since the beginning of the year.
