Bitcoin’s explosive gains are strongly reflected by the number of days it has closed above $16,320.
The Bitcoin (BTC) price, which is currently sitting at $16,320, has only been at this level or higher for 12 days in the coin’s entire 4,332-day history, representing just 0.28% of the cryptocurrency’s life.
Crypto analytics platform Messari published data stating that the closing price had exceeded $16,320 only on 12 other days, 10 of which occurred between Dec. 7 to Dec. 20, 2017, with the highest close occurring on Dec. 16 at $19,378. Any investor who bought at the all-time high of $20,089 would still be down 18.35%. In contrast, investors who bought at this cycle’s low of $3,126 on Dec. 15, 2018, would be up 424%.
Of the other top 10 coins, only Chainlink (LINK) comes remotely close to Bitcoin with the coin sitting above the current price of $12.70 for 2.7% of its life.
By contrast, the majority of altcoins are yet