Could you please elaborate on the timeline of the second crypto Bull Run and specifically indicate when it came to an end? I'm curious to understand the duration and the broader market context surrounding this significant phase in the
cryptocurrency landscape. Was there a specific event or trend that signaled the end of this Bull Run? What were the market conditions like during this period, and how did it impact investors and crypto enthusiasts? I'm seeking a concise yet comprehensive description of this historical event in the world of digital currencies.
5 answers
CryptoSavant
Sat Jul 13 2024
The crypto market experienced a significant surge in December 2017, marking the climax of the second crypto bull run.
JejuJoyfulHeart
Fri Jul 12 2024
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Federico
Fri Jul 12 2024
During this period, Bitcoin reached an unprecedented high, almost touching the $20,000 mark. This astronomical rise captured global attention and sparked a wave of enthusiasm in the cryptocurrency community.
CryptoPioneer
Fri Jul 12 2024
Interestingly, a pattern emerged in the market's behavior. Both the bull runs in 2013 and 2017 displayed a striking similarity in their cycles.
Tommaso
Fri Jul 12 2024
Specifically, there was a nearly identical four-year gap between the peaks of the two bull runs. This recurring pattern suggests that there may be underlying factors influencing the market's movements.