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Bitcoin Records Its Longest Consecutive Daily Gain Streak Since 2012

(9 days ago) · 1 source · Summarized by CryptoBipto

Bitcoin has achieved a streak of consecutive daily gains not seen since 2012. The streak marks a notable statistical occurrence in Bitcoin's price history, though the exact length and context of the streak were highlighted by market observers.

WHY IT MATTERS

When people say Bitcoin is "on a streak," they mean its price has gone up day after day for an unusually long time. Think of it like a sports team winning many games in a row — it is notable, but it does not guarantee the next game will also be a win. The last time Bitcoin had a streak like this was in 2012, when very few people even knew what Bitcoin was and the entire market was tiny by comparison. For someone new to crypto, this is a reminder that Bitcoin's price history includes unusual patterns, but historical streaks are statistical observations, not predictions of what comes next.

Bitcoin's price has been rising for a number of consecutive days, matching or exceeding a record that was last set in 2012, when Bitcoin was still a relatively obscure asset trading at a fraction of its current value.

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SOURCES

  • coindesk.com

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