Bitcoin’s on a streak it hasn’t hit since 2012
Bitcoin’s 10% September gain puts it on track for a rare three-month winning streak last seen in 2012.
- Bitcoin is on track for its first July-to-September winning streak since 2012.
- The 2012 streak was followed by a 9.7% October decline and a rally of more than 2,000% from the monthly low.
has posted gains in July and August and looks set to end September higher, marking a three-month winning streak that has occurred only once before in the cryptocurrency’s history.
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.
