#BTCDipOrRebound The worst season: 2018 – The “Cryptowinter”
After reaching an all-time high of almost $20,000 in December 2017, Bitcoin suffered a sharp fall, losing more than 80% of its value over the course of 2018, reaching lows of $3,200 in December of that year.
Factors that caused the fall:
Burst of the speculative bubble: The euphoria of 2017 led to a boom in ICOs (Initial Coin Offerings), many of which turned out to be scams or projects with no future.
Regulation and uncertainty: Governments such as China intensified restrictions against cryptocurrencies, causing fear in the market.
Market manipulation: Large sales and schemes such as Tether (USDT) raised doubts about the stability of the ecosystem.
Fear and distrust: Many investors who entered at the 2017 peak sold at a loss as they saw the sharp decline.
How Bitcoin emerged from the “Crypto Winter”
2020 Halving: The halving of mining rewards in May 2020 drove BTC scarcity.
Institutional adoption: Companies like MicroStrategy and Tesla started buying Bitcoin in 2020-2021.
Ecosystem development: The growth of DeFi, NFTs, and improvements like Taproot boosted confidence in BTC.
2021 Boom: Bitcoin hit new all-time highs, surpassing $69,000 in November 2021.
Conclusion
Although Bitcoin has gone through several crises, each crash has been followed by a recovery driven by adoption and technological advancements. The key has been market resilience, institutional adoption, and the reduction in BTC issuance with each halving.#MarketPullback#BTCDipOrRebound #EthereumRollbackDebate
