Industry snapshot
On 12 March 2020, just at the start of the Pandemic, the price of Bitcoin fell by 55 percent from $7,969 to $3,596 lows. Since autumn 2020, the cryptocurrency market has seen a near-continuous bull run that's seen Bitcoin value rise from $10,000 in early October 2020, to an all-time high of $63,350 on April 15, 2021 representing a gain of about +600% in just a six-month span.
Bitcoin wasn’t the only Big Winner:
ETH, SOL, ADA, MATIC, etc...
Today both Bull and Bears would agree that the Crypto Market is at a turning point. It’s true that cryptocurrencies have been on a roller coaster ride since their inception with periods of sudden popularity and retail buying mania, before crashing back down with spectacular sell offs. From a technical analysis perspective, the charts could point yet again at a speculative bubble ready to pop, however this time feels different.