And this isn’t Bitcoin’s first slump. It’s had at least three declines of 70 percent or more since 2010 only to come back with a vengeance and reach higher highs.
For now, though, boring might be the new normal as the decline in public interest could leave Bitcoin in what for it could be considered a tight range. Remember, after a rally boosted its price 84-fold in 2013, it tumbled back down in the next week and held there until lifting off again in 2017.
Yes, the slump lasted more than three years.
This article was provided by Bloomberg News.