1000 days of the crypto bull market: How much Bitcoin and other cryptocurrencies are rising
- For over 1,000 days, Bitcoin—and with it the broader crypto market—has been in a continuous uptrend. The low point at that time was reached at under $16,000 following the FTX fiasco.
- This time span is remarkable, as it significantly exceeds the duration of previous bull cycles. With a current price of around $115,500, Bitcoin has since experienced a remarkable rally with a price gain of almost 600 percent.
- The stability of this rally is particularly remarkable: Unlike previous cycles, which were characterized by extreme volatility spikes and drastic corrections, the current uptrend has been relatively steady.
- However, the bull market in the crypto sector has yet to reach the broader altcoin market. Only a few tokens reached new all-time highs during this period.
- Ethereum rose from $1,180 to just under $4,300, an increase of over 260 percent. Recently, the second-largest cryptocurrency was supported by Ethereum treasury firms and massive ETF inflows – an ETH short squeeze could now lead to a new all-time high.
- After years of stagnation, XRP celebrated an even more significant breakthrough. From around $0.40, the price climbed to over $3, representing an increase of almost 700 percent. The main drivers of this rally were the resolution of the legal dispute with the U.S. Securities and Exchange Commission.
- The biggest winner among the projects examined, however, was Solana. From a price level of just $14 1,000 days ago, SOL rose to around $182 today, recording an increase of over 1,100 percent. Despite initial headwinds due to its close ties to FTX, Solana managed to recover and excel, particularly in the memecoin sector.
- BNB has also performed positively over the past 1,000 days. From around $300 in November 2022, the price has risen to around $600 today. This represents a solid, albeit more moderate, performance compared to Solana or XRP.
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