2013 to 2017: Comparing Bitcoin's Biggest Price Rallies
Is it 2013 or 2017? For bitcoin's investors, traders and enthusiasts, an answer to this question might be harder to give today than you might imagine. Bitcoin prices surged above the $1,100 mark this week (near all-time highs) only to sink back down to earth amid higher volatility and foreboding – if not unclear – news out of China. Taken together, the developments evoke memories of 2013, when the price of bitcoin surged to similar levels, bringing the digital currency to international attention. Both rallies were buoyed by bullish sentiment among those actually trading in the market, and....
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More people use Bitcoin now, but transaction fees are much lower than during the 2017 bull run. As Bitcoin (BTC) keeps hitting new all-time highs past $20,000, its network fundamentals paint a different picture compared to the previous 2017 bull run.Three years ago, on this very day, Bitcoin reached its first major all-time high of $20,000, recording up to 2,000% gains for that year. Over the course of 2020, Bitcoin enjoyed another price rally pushing its price to new historic highs and crossing $23,500 on Dec. 17 for the first time ever.Comparing the bull runs of 2017 and 2020, one may....
Bitcoin’s recent price plunge isn’t quite like late 2013 as many Bitcoin investors and traders assume. In November of 2013, the price trend of Bitcoin was nearly identical with the rally of Bitcoin in the final months of last year. On November 25, 2013, Bitcoin reached a price of $988 on most global Bitcoin exchanges, including Bitstamp. However, when China announced its first “ban” on Bitcoin, the price of Bitcoin dropped 36 percent within 30 days, declining to $625. #bitcoin's current price volatility due to #PBOC is nothing like the November 2013 rise and fall. Orange line = then, Blue....
A New Year means new goals and new possibilities. Everyone should have a goal to reach for the year to come, and we hope you reach your goals in 2017. Bitcoin has its own goals, but Bitcoin tends to be ahead of the curve when it comes to what it can do, especially when it comes to the Bitcoin price. 2017 has proven no different. Bitcoin Hits $1,000 For the First Time Since 2013. Bitcoin spent New Year’s Day reaching its first watershed moment, eclipsing $1,000 USD in market value after a record period of Bitcoin trading in many markets around the world. Bitcoin began the day, in the West,....
A Bitcoin ETF could be approved by U.S. regulators by October. according to Bloomberg Intelligence Commodity Strategist Mike McGlone. Bloomberg Intelligence Commodity Strategist Mike McGlone believes it is only a matter of time before the U.S. Securities and Exchange Commission (SEC) approves the country’s first Bitcoin exchange-traded fund (ETF).In an interview with Stansberry Investor host Daniela Cambone on Sept. 21, McGlone asserted that Canada is extending a competitive lead over the United States after approving Bitcoin ETFs from 3iQ and Coinshares in April.He emphasized that capital....
Litecoin creator Charlie Lee continues to criticize the NFT industry, seeing the hallmarks of a mania similar to 2017 and even 2013. Charlie Lee, the creator of major cryptocurrency Litecoin (LTC), believes that the ongoing spike in popularity of the nonfungible token, or NFT, industry has much in common with the 2017 initial coin offering, or ICO, mania.Lee provided at least five similarities between 2021’s NFT popularity and 2017’s ICO mania, also comparing both to the altcoin craze in 2013 in a tweet on Tuesday.According to the Litecoin creator, all three cryptocurrency phenomena look....