A Quick Summary of the Bull Run (Bull Market) for Cryptocurrencies:
- The bull run is a period when the cryptocurrency market rises strongly and continuously.
Main reasons:
1. Institutional Adoption (such as major companies or governments).
2. Technical Development (network upgrades like Ethereum 2.0).
3. Economic Conditions (such as inflation or banking crises).
4. Positive News (such as regulatory approvals like **Bitcoin ETF**).
Historical Examples:
- 2017: Bitcoin from 1,000$ to 20,000$ (ICO Mania).
- 2021: Bitcoin to 69,000$ (Institutional Support + NFTs).
- 2024: New highs after SEC approval of ETFs.
Risks:
- Sharp Volatility (sudden crashes).
- Irrational Speculation (buying worthless coins).
- Fraud (fake projects).
Tips for Benefit:
✅ Do not invest money you cannot afford to lose.
✅ Diversify your portfolio (do not focus on one coin).
✅ Use Stop Loss orders.
✅ Do thorough research before buying.
> "The bull run makes the rich... but only the patient and rational ones remain among them!" — *Trader's Wisdom*.
🚀 Summary: The bull run is a golden opportunity for the aware investor, but it is a dangerous game for the reckless.