Storytime, today, we talk about the battle of the Bitcoin bulls and bears.
in early February 2014. The platform then suspended all trading and eventually filed for bankruptcy in Tokyo and in the United States.
Some major financial authorities also raised concerns about Bitcoin, with the U.S. Commodity Futures Trading CommissionThe general sentiment around Bitcoin was mainly negative until August 2015, when the trend started a long-term reversal. Amid the strong bullish market, Bitcoin eventually returned to the $1,000 price mark in January 2017. This was the longest all-time high price recovery period in the history of Bitcoin.Time to retest previous high: 36 months by the end of that year.
However, similar to Bitcoin’s previous historical peak of $1,000, the triumph of $20,000 was short-lived, as Bitcoin subsequently dropped and lost more than 60% of its value in a couple of months. The year 2018 quickly became referred to as a “crypto winter” as the Bitcoin market continued shrinking, withThe crypto winter kicked off with security issues on Coincheck, another Japanese cryptocurrency exchange. In January 2018, Coincheck suffered a gigantic hack resulting in aThe bear market further escalated as tech giants like Facebook and Google
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