Why Bitcoin's Longest Run Above $10,000 Matters

Bitcoin has been above $10,000 for even longer than the record 2017-18 run, giving confidence to long-term HODLers in the process.

By Nathaniel WhittemoreCoinDesk Insights
Sep 28, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 10:01 a.m. UTC
By Nathaniel WhittemoreCoinDesk Insights
Sep 28, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 10:01 a.m. UTC

Bitcoin has been above $10,000 for even longer than the record 2017-18 run, giving confidence to long-term HODLers in the process.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Crypto.comBitstamp and Nexo.io.

Today on the Brief:

  • After four weeks down, bitcoin bounces back on suspicions that recent bearishness was overblown
  • KuCoin exchange gets hacked for somewhere between $150 million and $280 million
  • Jack Dorsey outlines Twitter’s blockchain and bitcoin beliefs during Oslo Freedom Forum appearance
Our main discussion: Digging into bitcoin’s 64-day run over $10,000

Bitcoin has been above $10,000 for longer than any time in its history. Its volatility is also at recent historic lows. In this episode, NLW puts this in the context of broader market movements and explains why new price floors are self-reinforcing.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
Crypto News Roundup for May 19, 2022

With bitcoin steadying below $30,000, and a look at the human costs of speculation, CoinDesk’s Markets Daily is back with the latest news roundup.

With bitcoin steadying below $30,000, and a look at the human costs of speculation, CoinDesk’s Markets Daily is back with the latest news roundup.

2
Magic Eden Tops OpenSea in Daily Trading Volume as Solana NFTs Heat Up

The Solana-based marketplace has seen far more transactions than its Ethereum counterpart in the last 24 hours.

The Solana-based marketplace has seen far more transactions than its Ethereum counterpart in the last 24 hours.

3
Shopify Expands Crypto Payment Options With Crypto.com Pact

Shopify merchants also have access to Jack Mallers' Strike, Coinbase Commerce and BitPay.

Shopify merchants also have access to Jack Mallers' Strike, Coinbase Commerce and BitPay.

4
Binance.US Hires Ex-Uber Compliance Lead Krishna Juvvadi as Head of Legal

The hire echoes the efforts in Binance.US's parent firm to bolster its legal and compliance team.

The hire echoes the efforts in Binance.US's parent firm to bolster its legal and compliance team.