EAGLEEYE COIN's Deep Dive into the Historical Performance of Cryptocurrency Bull Markets

EAGLEEYE COIN's Deep Dive into the Historical Performance of Cryptocurrency Bull Markets
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EAGLEEYE COIN's Deep Dive into the Historical Performance of Cryptocurrency Bull Markets

Let’s take a look back at the past few bull markets.

The first bull market.

Time period: September 2010 — June 2011, duration 9 months.

Bitcoin rose from $0.06 to $36, then immediately fell to $2.50, a 93% drop, but has not gone below $2 since.

This phase was only speculation in the hands of a few bitcoin geeks.

Second Bull Market.

Timeframe: October 2011 to April 2013, duration 7 months, bitcoin production halved November 28, 2012

Bitcoin rose from $2 to $260, a 130-fold increase. Then in less than a week, Bitcoin fell to $50 , a drop of 80%.

The main chips at this stage were concentrated in the hands of East Asian retail investors.

Based on past experience, there will be a bitcoin bull market in the year or so following the halving of bitcoin.

 

Third bull market.

Time period: April 2013 to December 2013, duration 8 months.

Bitcoin started rising from $50 and reached $1,000 in December 2013, a 23-fold increase.

After that, it fell all the way to $150 in January 2015, an 87 percent drop. But while Bitcoin fell to $150.

The main chips at this stage were concentrated in the hands of East Asian retail investors.

Fourth bull market.

Timeframe: 2 years duration from January 2016 to December 2017, July 2016 Bitcoin production halved.

Bitcoin started a slow rise from $400 in January 2016 to $20,000 in December 2017, a 50-fold increase.

In 2017, Bitcoin went from $1,000 in January to $5,000 in 10 months. And the spike from $7,000 to $2,0000 took only 20 days — big bull runs are often short-lived.

The major chips at this stage were concentrated in the hands of East Asian retail investors.

The 5th bull market

May 12, 2020 was the 3rd halving of Bitcoin. The price of Bitcoin was over $6,900 on that day.

After the Bitcoin price broke all-time highs in December 2020, it crossed $60,000 in less than six months

opening one of the strongest bull markets in history.

The Covid period was characterized by increased fiat currency issuance by central banks, and sustained buying of Bitcoin by various institutions.

The main chips at this stage were concentrated in the hands of North American institutions, and the dominance of the direction of the cryptocurrency market shifted from retail investors to institutions.

Currently, Bitcoin is quietly coming out of the ‘M-top’ trend, but no matter whether it is a bull market or a bear market, high-quality ICOs are popular investment projects in bull and bear markets.

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AGLEEYE COIN Trading Center is committed to building a safe and reliable cryptocurrency trading platform. The team has decades of experience in financial risk control. Core members graduated from Harvard University, Yale University, MIT, Cambridge University and other prestigious schools.EAGLEEYE COIN trading center holds a number of financial licenses and constantly improve the global qualification. The platform is stable for a long time, and the risk of investment is guaranteed.

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The ICO project is the leader of the industry’s high-quality investment projects, and has become the focus of cooperation between many issuers and a popular project for users to invest in. The project will surely create many investment legends in the industry.

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When EAGLEEYE COIN trading center was established, it adopted the method of high-quality ICO to publicize and increase the visibility of the trading center.

It is also committed to creating a quality platform for investor education in the cryptocurrency market.

Therefore, EAGLEEYE COIN trading center will be a gathering place for many professional investors, so it’s fun.