Bitcoin bull run

Or Is This Selloff Just a ‘Typical’ Bear Market?

With Bitcoin above the US$21,000 mark, the world’s benchmark cryptocurrency has returned to its price level from before the Nov. 11 collapse of the FTX cryptocurrency exchange. BTC prices have since slipped, trading at US$20,935 at 4.30 p.m. on Friday in Hong Kong. When will the crypto bull market end Late last week, former Wall Street insider and ex-Goldman-Sachs-hedge-fund-manager-turned-crypto savant, Raoul Pal, who founded Global Macro Investor, shared on his Twitter feed two interesting charts his company assembled that superimposed Bitcoin’s current 2020-2021 bull market chart (white) over the historical chart (light blue) of the Bitcoin bull run for 2010-2013.

Is the crypto bull run over

During the next bull run avoiding this scenario is one of the most important things to remember, being that everything goes up will definitely come back down and that there’s never been a bull run in Bitcoin’s history where this did not occur. Lack of Selling Pressure From Hodlers It could happen to you — hopefully, not get hit by lightning, but become a crypto millionaire because you bought SHIB while its price is $0.0000102. That same $50 will only buy 4,990,019 meme coins at today’s prices.

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In the first week of January, a Solana-based memecoin named BONK experienced a whopping 25x surge. The rise symbolized the degenerate gambling spirit that was prevalent during the 2021 to 2022 bull run. Bear markets, on the other hand, tend to promote caution among traders. Who is Cindicator? Feb 10

When will crypto bull run end

The simple answer to this question is “because it was designed that way.” Well, but why can’t this limit be extended? Among other things, BTC’s finite supply acts as a deflationary measure and is one of the reasons why Bitcoin’s price is as high as it is. As for why this exact figure was chosen, there are a few theories about it. One states that it’s because the total value of all physical money in the world when BTC was developed was equal to $21 trillion. As a result, if Bitcoin had been then to completely replace fiat, 1 BTC would have been worth $1M, and one satoshi — $0.01. Here are a few reasons why the crypto bull run may begin in 2023: Bradbury said Bitcoin and Ether are rallying because of the bullish momentum in traditional markets. “Bitcoin, along with most crypto assets, are still heavily correlated and priced like tech stocks, and we have seen most of these also increase in the last few weeks too, but often crypto prices move at an exaggerated rate.”

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What's Bitcoin ?

Bitcoin is a payment system introduced as open source applications in 2009 by programmer Satoshi Nakamoto. Media reports frequently refer to bitcoin as a digital or cryptocurrency money although its standing as a money is challenged. Bitcoins are created as a benefit for payment processing work by which users offer their computing power record and to check payments to the public ledger. Firms, people or called mining participate in this task in exchange for transaction fees and bitcoins that is recently created. Besides mining, bitcoins could be obtained in exchange for services, goods, and fiat money. Users can send and receive bitcoins for an elective transaction fee using wallet applications on mobile device, a personal computer, or a web application. Increase has been found by Bitcoin as a kind of payment for services and products,and retailers have an incentive to take the electronic money because fees are lower compared to 2-3% generally enforced by credit card chips. .