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After High, Bitcoin Is at the Same Price a Year Ago

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Exactly a year ago, Bitcoin was on track for one of its highest highs in its history, which will be 10 years old tomorrow, October 31.

By the end of October 2017, bitcoin was moving to the $7,000 mark for the first time. A year later, the cryptocurrency is listed in the same price range.

Different from might seem, bitcoin is not stagnant for a year. Its price reached $20,000 in 2017 — after a 2,000-percent high — fell to $5,800 by mid-2018 and is in the range of $6,000 and $7,000 a few months ago.

Since its historic high, the BTC has accumulated a 68% drop. In 2018, the decline so far is 63%.

Comparing now with the price in Real (R $), on this same date in October last year, bitcoin was traded at R $19,000. Less than two months later, the cryptocurrency came close to $70,000.