Bitcoin : Surge Peak and Crash
Looking at the historical perspective of the crypto, back in 2013, Bitcoin was the only name that people would new. Bitcoin was worth less than $13 when it performed it's first halving back in November, 2012.
This event that is deemed as inflation killer, inspired people trying Bitcoin mining and the price of Bitcoin soared.
By August, 2013, the price of Bitcoin soared to $130 then peaked at $1,151 in December. That's when a leading crypto exchange was hacked and Bitcoin retreated back to roughly $180 amid the loud proclamations that the crypto concept was just a mirage with no real value.
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In 2017, another price surge, peak and then the crash happened for Bitcoin about one year after the next bitcoin halving.
This time, Bitcoin’s price moves led a pricing action in a bunch of other new cryptocurrecies in the market. The price of Bitcoin nearly reached $20k this time.
Yet another crypto winter happen after that and plenty of investors are said to break off the cryptos.
The next halving that happened in May 2022, during the Covid-19 lockdowns did look to do much at first as the prices of Bitcoin held firmly for several months at roughly $10k.
Yet another bull run followed in 2021 and the price of Bitcoin soared above $60k a couple of times. Those who had quit cryptos before begin starting to take crypto seriously again.
And then it is said that there was a withdrawal from riskier assets due to inflation. Now, as the crypto market is struggling for some time now, we have no idea when it's going to bounce back or is it really going to bounce back this time.
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