Bitcoin

Even though the price of Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) has been gradually growing since its inception, using the flagship decentralized finance (<a href="https://finbold.com/guide/liquidity-mining-definition/" rel="noopener noreferrer nofollow">DeFi</a>) asset to buy some of the more traditional goods, such as, i.e., eggs would today cost you less than it did five years ago, in 2018.Specifically, a dozen eggs on July 3, 2018, had cost $20,284.60, while, at press time, this price stands at $3,621.69, indicating a decline of 82.15% over the period of five years, according to the <a href="https://www.pricedinbitcoin21.com/chart/agriculture/WEGGS" rel="noopener noreferrer nofollow">data</a> acquired from Pricedinbitcoin21, the platform that tracks prices of traditional assets versus <a href="https://finbold.com/topic/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>, on July 3.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/04426b2a5f984d238523268f228fcb30.png" />Eggs priced in Bitcoin since 2018. Source: <a href="https://www.pricedinbitcoin21.com/chart/agriculture/WEGGS" rel="noopener noreferrer nofollow">Pricedinbitcoin21</a>Indeed, the price of a dozen eggs currently costs 3,622 Satoshis (SATs), which is the smallest unit of Bitcoin, equalling 0.00000001 BTC (one hundred millionth of a Bitcoin). In the last month alone, the decrease in this price relation has amounted to over 11.50%, whereas in the last year, it has declined 56.70%.<h2 id="header-0">Bitcoin price analysis</h2>As for Bitcoin itself, it is currently changing hands at the price of $30,606. This indicates a modest increase of 0.19% on the day, a 0.93% gain across the previous week, and a more significant advance of 12.75% on its monthly chart. Notably, in the last five years, the maiden <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> has grown its price by nearly 365%, as its price on July 3, 2018, stood at $6,596.66, according to the data retrieved by Finbold on July 30.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/bf7f403d9ffa432bbf435c681cfa1894.png" />Bitcoin all-time price chart. Source: <a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">Finbold</a>Meanwhile, Bitcoin is staging a remarkable comeback from a difficult 2022, its key technical analysis (<a href="https://finbold.com/guide/technical-analysis/" rel="noopener noreferrer nofollow">TA</a>) indicator – moving average convergence divergence (<a href="https://finbold.com/guide/macd-indicator/" rel="noopener noreferrer nofollow">MACD</a>) – suggesting the beginning of the <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bull market</a> for the largest <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> asset by market capitalization, as Finbold <a href="https://finbold.com/bitcoin-macd-turns-green-on-the-monthly-chart-signalling-start-of-a-bull-market/" rel="noopener noreferrer nofollow">reported</a> earlier.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Eggs priced in Bitcoin down 82% in 5 years

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