CoinDesk·5 min read

Bitcoin's on a streak it hasn't hit since 2012

O
Omkar Godbole
Bitcoin's on a streak it hasn't hit since 2012
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Bitcoin’s price rose by 4.8% in July and 25.2% in August, according data source CoinDesk. September is also in positive territory, with prices trading 10.9% higher at $86,140 as of this writing.

The only prior such instance dates back to 2012 when prices rose 41.0%, 6.4% and 24.4% in those respective months.

October then broke that streak, with bitcoin falling 9.7% for the month. But the decline bottomed out at $10.17 on Oct. 26, and it was from that low that bitcoin launched into one of the largest rallies in its history, a 165-day run that carried price to $230 by April 2013, a gain of more than 2,000%, according to CoinDesk's analysis of daily price data.

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