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Bitcoin, the biggest bubble in history, is popping

The cryptocurrency has fallen more than 65% since peaking in December.

Janine Wolf, Bloomberg

The greatest bubble in history is popping, according to Bank of America Corp.

The cryptocurrency is tracking the downfalls of the other massive asset-price bubbles in history less than one year out from its record, analysts lead by Chief Investment Strategist Michael Hartnett wrote in a note Sunday.

The cryptocurrency has fallen more than 65% since peaking in December at $19,511. Bitcoin rose 2.2% to $6,750 on Monday.

The greatest bubble in history?

USDBTCUSDBTCNov ’17Dec ’17Jan ’18Feb ’18Mar ’18Apr ‘180k5k10k15k20k25kTuesday, Feb 6, 22:00● USDBTC: 8 062.505Highcharts.com
4/8/2018, 11:00:00 PM

© 2018 Bloomberg

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