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A crypto bubble refers to a situation where the market price of cryptocurrency assets is considered inflated beyond their fundamental or hypothetical value, driven largely by speculative demand rather than intrinsic worth. Historically, the cryptocurrency market has experienced several boom-and-bust cycles characterized as speculative bubbles.
Bitcoin, the most prominent cryptocurrency, has exhibited multiple bubble-like behaviors, with prices deviating significantly from fundamental values due to factors like irrational exuberance and speculation. Researchers have found statistical patterns in Bitcoin's price movements that resemble those of historical financial bubbles, highlighting the speculative nature of its demand even though it holds some user value.
In summary, crypto bubbles are marked by inflated prices driven by speculation, followed by sharp corrections, and have been a recurring feature in the cryptocurrency market's history