Crypto-currency and bitcoin proponents are patiently waiting to see if crypto-winter is back, as the recent drop in prices has rocked investors. Digital assets have wandered aimlessly over the past week and, to get an idea, it's always good to look at the last decade of bear market trends.
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The prices of cryptography are slipping again, forcing traders to wonder if Crypto's winter is really over
After the BTC and other digital currencies reached unprecedented highs in 2017, the following months marked the beginning of "cryptographic winter". It was a cold period when cryptographic investors saw their favorite cryptocurrency lose 70-95% in value. Since then, prices have been heading north and many people have begun to think that the crypto-winter down could soon end. However, after BTC jumped from $ 3,000 to nearly $ 14,000 in the spring, the digital currency fell to $ 7,000 and is currently between $ 8,800 and $ 9,150. Overall, most operators would rate the bullish general rise, with BTC rising to $ 6,350 on November 8th and price today to $ 8,942 per piece. But many crypto winters in the past and down cycles have seen slight increases before falling again and continuing a downward trend in the market. The recent decline in cryptographic values has caused some investors in digital currencies to panic and current prices have led them to wonder if they need more.
The first bear market observed by BTC fans was held between June and November 2011, spanning approximately 162 days. The value of the digital currency peaked at $ 31.50 in the summer of 2011, but then dropped over the next few months to a low of $ 2.01 per BTC, down 93%. At that time, BTC investors began to have a positive image, comparable to that of 2019. On January 11, 2012, the BTC oscillated around $ 7.08 a piece, gaining more than 250%. But thanks to the 2012 trade hacks like Linode and Bitcoinica and the regulatory problems posed by the Trade Hill platform, BTC's price plunged into a downtrend for about 185 days, losing 40%. In July 2012, the price per BTC was $ 4.22, but traders again saw an uptrend and their value jumped 216% to a high of $ 13.35 per coin in August.
Just as in the current raid against the bear in 2019, crypto traders have seen BTC prices drop by 37%, falling to $ 8.40 during the first week of December 2012 The rout lasted 111 days and would have been initiated by the second hacking of Bitcoinica and ongoing trials events. However, from January to November 29, 2013, BTC's values increased significantly, reaching a record $ 1,166. The first price recorded on the Coinmarketcap.com historical price index indicates that the BTC amounted to 135 USD in April 2013. However, the party ended in December 2013 and the beginning of the first very long crypto winter started to eat up bullish prices. The bear market has stretched over 410 days, encompassing 2014 in its entirety. In addition, other digital currencies whose prices rose also followed the growth of BTC, most cryptos having lost more than 80% that year. After the peak of US $ 1,166, the BTC fell to US $ 197 per coin in the first week of January 2015. From this period, everyone could have bought BTCs at prices ranging from US $ 197 to US $ 300. USD until October 28, 2015.
BTC prices between Halloween and mid-June 2016 ranged from $ 300 to $ 600 and the coin started to move closer to the 2013 record high (ATH) in January 2017. After that, the price exceeded that of 2013 (ATH, BTC and many other cryptocurrencies). saw a climax from this point. On the Bitstamp trading market, BTC has reached its highest position so far at around $ 19,650 per piece. The bear market that followed lasted much longer than the downtrend of 410 days in 2013-2015. Coincidentally, using the same period from December 2017 to the first week of February 2019, BTC prices were reduced to $ 3,484 per piece that week. The bear market continued to expand, making crypto winter following 2017 the longest of all time. Between February and May 2019, prices ranged between $ 3,500 and $ 6,000, and the subsequent hike resembled a second puff of fresh air.
The latest downtrend has dampened the enthusiasm of the cryptographic community after BTC values were around $ 10,000, but are now below the $ 9,000 region as prices fall. Digital currencies have seen a bullish rise in recent months, but prices could easily follow the same trend as a few years ago. Bear markets have in the past shown positive optimism after the fall in BTC's value, but some of the increases did not last very long. Digital currencies have had a much better year in 2019, but as we approach the end of the year, we still do not know how the cryptography markets will evolve in the coming months and a half until 2020.
Where do you see the cryptocurrency and bitcoin markets from here? Tell us what you think about this topic in the comments section below.
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