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A breif history of bitcoin bear markets

A breif history of bitcoin bear markets

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Survival of the Fittest: A Brief History of Bear Markets - StockCharts TV Special Presentation
Bitcoin entered a huge bear market rapidly after breaking $1, for the first time in history, with the BTC price tumbling below $ one. The price drop came as the Chinese central bank began to crack down on Bitcoin in late , prohibiting local financial institutions from handling BTC transactions. The First Bear Market ?The first major bear market in crypto occurred long before most of us even knew what a Bitcoin was. The start of.

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As long as Bitcoin continues to hold the dominant market capitalization within the cryptocurrency space, the movements of Bitcoin will be to a large extent reflected by the rest of the market. Early in the year, Bitcoin's price showed recovery signs from the previous year's lows, driven by investor optimism and institutional interest. Crypto Predictions for - Altcoin Investor. In October , Silk Road, an online black market that represented one of the first forms of widespread user adoption for crypto, was taken down by the FBI.

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