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BitTorrent bear market cycles - historical perspective of BTT bear markets
In this overview, we will show the previous bear markets of the BitTorrent cryptocurrency - you will see how much BTT lost during its biggest past bear markets.
Current price and other data:
|Symbol||Price change (1d)||Price (USD)||Price change (1 week)||Sentiment||Sentiment change (1d)||Sentiment change (1 week)||Tweets volume change||Trading volume change||Volatility||MarketCap|
A bull market is a period of general rising prices in the crypto, stock or any other financial market.
A bull market is typically preceded by a bear market and followed by a bear market.
We define a bull market as appreciation of price by more than 30% and bear market a period when the prices fall by more than 30%.
BitTorrent has experienced 8 bear markets in the past, see chart below:
What is BitTorrent most negative bear market ?
BitTorrent most negative bear market started on May 29th, 2019 and ended on Dec 28th, 2019, lasting for 213 days.
During this time, the price of BitTorrent decreased from 0.0018 USD to 0.0003 USD, resulting in a return of -85.0 %.
Average compounded daily decrease of price during this period was -0.89% / day.
What is BitTorrent 2nd most negative bear market ?
BitTorrent 2nd most negative bear market started on Apr 6th, 2021 and ended on Jul 21st, 2021, lasting for 106 days.
During this time, the price of BitTorrent decreased from 0.0109 USD to 0.0020 USD, resulting in a return of -81.9 %.
Average compounded daily decrease of price during this period was -1.6% / day.
What is BitTorrent 3rd most negative bear market ?
BitTorrent 3rd most negative bear market started on Feb 15th, 2020 and ended on Mar 13th, 2020, lasting for 27 days.
During this time, the price of BitTorrent decreased from 0.0006 USD to 0.0002 USD, resulting in a return of -69.1 %.
Average compounded daily decrease of price during this period was -4.25% / day.
Returns of previous BitTorrent bear market cycles
In the following table you can see the previous BTT bear market cycles, in which period they occurred and what were the returns achieved during each bear market cycle:
|Start Date||End Date||Start Price||End Price||Return (%)|
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Bull and bear markets of BitTorrent
See BitTorrent past bull and bear markets in the chart below:
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