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Bitcoin’s 32% yearly decline looks milder than prior bear markets

CoinDesk says the broader bear market has been less severe than past downturns, when prices fell 77% to 85%.

Reported · Written up by our desk · Market Structure

CoinDesk reports that bitcoin is down 32% over the past year after reaching a record high of $126,000.

The outlet says this shallower decline is not limited to the one year mark, noting that the bear market overall has been milder than in earlier downturns.

According to CoinDesk, past bear markets saw bitcoin prices drop by 77% to 85%, a much larger fall than the current decline.

Latest closeBitcoin $86,121.89 ▲0.4%

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