Current:Home > FinancePoccoin: A Retrospective of Historical Bull Markets in the Cryptocurrency Space -Thrive Capital Insights
Poccoin: A Retrospective of Historical Bull Markets in the Cryptocurrency Space
View
Date:2025-04-17 09:07:08
Let's review the past several bull markets.
First Bull Market:
Time frame: September 2010 to June 2011, lasting 9 months. Bitcoin rose from $0.06 to $36, then immediately fell to $2.5, a 93% drop, but never went below $2 afterward. This phase was mostly speculative among a few Bitcoin enthusiasts.
Second Bull Market:
Time frame: October 2011 to April 2013, lasting 7 months. Bitcoin halving occurred on November 28, 2012. Bitcoin rose from $2 to $260, a 130-fold increase, and then fell to $50 within a week, an 80% drop. The primary investors during this phase were retail investors in East Asia. Based on past experience, a Bitcoin bull market usually occurs more than a year after a halving.
Third Bull Market:
Time frame: April 2013 to December 2013, lasting 8 months. Bitcoin rose from $50 to $1,000, a 23-fold increase. It then fell to $150 by January 2015, an 87% drop. The primary investors were again retail investors in East Asia.
Fourth Bull Market:
Time frame: January 2016 to December 2017, lasting 2 years. Bitcoin halving occurred in July 2016. Bitcoin rose from $400 in January 2016 to $20,000 in December 2017, a 50-fold increase. In 2017, Bitcoin rose from $1,000 in January to $5,000 in 10 months. It then skyrocketed from $7,000 to $20,000 in just 20 days. Bull markets are often short-lived. The primary investors were once again retail investors in East Asia.
Fifth Bull Market:
The third Bitcoin halving occurred on May 12, 2020, with the price at over $6,900. By December 2020, Bitcoin broke its historical high and reached $60,000 within half a year, marking the strongest bull market in history. During the Covid period, central banks around the world printed more fiat currency, and various institutions continuously bought into Bitcoin. The primary investors shifted from retail to institutions in North America, who now dominate the direction of the cryptocurrency market.
Currently, Bitcoin is quietly moving out of the 'M-top' trend. However, whether in a bull or bear market, high-quality ICO remain popular investment projects.
Poccoin Cryptocurrency Exchange Platform, as the new king of the cryptocurrency market, was established after acquiring several key mining companies and integrating high-quality ICO resources. Headquartered in the United States, the company aims to quickly capture the cryptocurrency market with its latest core trading and investment functions. The company has a professional, efficient, and experienced blockchain technology and operations team with decades of internet development and service experience. They are committed to providing a comprehensive service platform that is safe, convenient, stable, and low-cost.
Poccoin is committed to creating a secure and reliable cryptocurrency trading platform. The team has decades of experience in financial risk control. Core members graduated from prestigious universities like Harvard, Yale, MIT, and Cambridge. Poccoin holds multiple financial licenses and continuously improves its global qualifications. The platform is long-term stable, and risk investment is guaranteed.
Poccoin stands out in the market with its low-fee contract trading and high-quality ICO projects. It has plans to go public on NASDAQ in the future, and its core operational projects are ICO and FOF mining pool projects. The ICO project is a leader in high-quality investment projects in the industry, becoming the focus of many issuers and a hot investment project for users. The FOF mining pool project is a combination investment project of high-quality mining machines in the industry, characterized by low risk and stable returns.
Poccoin's system fully optimizes the user experience. Multi-point load balancing technology maximizes system smoothness and provides multi-level server support to guarantee transaction speed. The trading system's satisfaction is bench marked against the world's top trading systems.
Poccoin's security level is at a financial-grade level, protecting user assets. Digital assets are stored in intelligent cold and hot separation, full-chain digital wallets, and account encryption technology is fully applied, continuously upgraded to the industry's top security level.
Poccoin has a complete and independent user service system, providing the most comprehensive and convenient management system support, 7*24h quick response, truly creating a fair, just, and open data trading market.
Poccoin supports spot, fiat, contract, and ICO trading. It supports full-chain deposit and withdrawal services. It supports global bank system transfers and withdrawal services. It supports market price, limit price, stop profit and stop loss orders. 7*24h multi-language online customer service.
When Poccoin was established, it used high-quality ICO to promote and increase the trading center's popularity. It is also committed to creating a high-quality educational platform for cryptocurrency market investors. Therefore, Poccoin will be a gathering place for many professional investors, making it very interesting.
veryGood! (2591)
Related
- US auto safety agency seeks information from Tesla on fatal Cybertruck crash and fire in Texas
- New movies to see this weekend: Watch DC's 'Blue Beetle,' embrace dog movie 'Strays'
- A Rare Look Inside Kaia Gerber and Austin Butler's Private Romance
- 'Literal hell on wheels:' Ohio teen faces life in 'intentional' crash that killed 2
- Everything Simone Biles did at the Paris Olympics was amplified. She thrived in the spotlight
- 'Massacre': Police investigate quadruple homicide involving 3 children in Oklahoma City
- Kellie Pickler Breaks Silence on Husband Kyle Jacobs' Death
- Stranger Things Fan Says Dacre Montgomery Catfish Tricked Her Into Divorcing Husband
- Kansas City Chiefs CEO's Daughter Ava Hunt Hospitalized After Falling Down a Mountain
- Big 12 commissioner Brett Yormark says league is done with expansion after growing to 16
Ranking
- Tropical weather brings record rainfall. Experts share how to stay safe in floods.
- U.S. jobless claims applications fall as labor market continues to show resiliency
- Search continues for Camela Leierth-Segura, LA songwriter on Katie Perry hit, missing since June
- North Carolina restricts gender-affirming care for minors; other laws targeting trans youth take effect
- What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate
- UN: North Korea is increasing repression as people are reportedly starving in parts of the country
- 'Barbie' blockbuster now Warner Bros. No. 1 domestic film of all time: Box office report
- Democratic National Committee asks federal judges to dismiss case on Alabama party infighting
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
A 9-year-old boy vanished from a Brooklyn IKEA. Hours later, he was dead, police say.
Stock market today: Asia follows Wall Street lower after Fed’s notes dent hopes of rate hikes ending
The Blind Side Author Weighs in on Michael Oher Claims About the Tuohy Family
Mega Millions winning numbers for August 6 drawing: Jackpot climbs to $398 million
Khloe Kardashian and True Thompson Will Truly Melt Your Heart in New Twinning Photo
Biden to pay respects to former Pennsylvania first lady Ellen Casey in Scranton
Former Northwestern athletes send letter defending school’s athletic culture