Summary
- It was reported that Bitcoin's cycle-based growth rate has shown a trend of decreasing over time.
- In the past three cycles, Bitcoin's growth rate from the bottom decreased to 122 times, 21 times, and 5.7 times.
- In the current cycle, it recorded a 2.1 times growth rate from the bottom, while falling 6.19% from the previous day.
The cycle-based growth rate of the leading cryptocurrency, Bitcoin (BTC), has been shown to decrease with each cycle.
According to data shared by the analytics firm Glassnode on X (Twitter) on the 3rd, Bitcoin's growth rate from the bottom in the past three cycles was 122 times (2011~2015), 21 times (2015~2018), and 5.7 times (2018~2022). As the cycles repeated, the growth rate itself decreased.
Currently, Bitcoin's growth rate in this cycle is recorded at 2.1 times from the bottom.
Meanwhile, Bitcoin is currently trading at $93,653, a sharp drop of 6.19% from the previous day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
