Current:Home > NewsPoccoin: A Retrospective of Historical Bull Markets in the Cryptocurrency Space -AssetLink
Poccoin: A Retrospective of Historical Bull Markets in the Cryptocurrency Space
View
Date:2025-04-16 14:55:20
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! (49)
Related
- Jury selection set for Monday for ex-politician accused of killing Las Vegas investigative reporter
- 1 dead, 1 in custody after daytime shooting outside Pennsylvania Walmart
- Pope Francis says Ukraine should have courage of the white flag against Russia
- Two pilots fall asleep mid-flight with more than 150 on board 36,000 feet in the air
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Robert Hur defends special counsel report at tense House hearing on Biden documents probe
- Oscars 2024 report 4-year ratings high, but viewership was lower than in 2020
- Aaron Judge undergoes MRI on his abs and gets results. What's next for Yankees' captain?
- Your Wedding Guests Will Thank You if You Get Married at These All-Inclusive Resorts
- Prince William Attends Thomas Kingston’s Funeral Amid Kate Middleton Photo Controversy
Ranking
- British swimmer Adam Peaty: There are worms in the food at Paris Olympic Village
- Lawsuit accuses Columbia of singling out 2 pro-Palestinian groups by suspending them after protest
- NASA's Crew-7 returns to Earth in SpaceX Dragon from ISS mission 'benefitting humanity'
- Wisconsin elections review shows recall targeting GOP leader falls short of signatures needed
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Beyoncé Just Revealed the Official Name of Act II—And We’re Tipping Our Hats to It
- The New York Times is fighting off Wordle look-alikes with copyright takedown notices
- Derrick Henry to sign with Baltimore Ravens on two-year contract, per reports
Recommendation
Police remove gator from pool in North Carolina town: Watch video of 'arrest'
North Carolina judges block elections board changes pushed by Republicans that weaken governor
Dolly Parton says one of her all-time classic songs might appear on Beyoncé's new album
West Virginia GOP County Commissioners arrested over skipping meetings in protest
Sonya Massey's family keeps eyes on 'full justice' one month after shooting
Sharon Stone reveals studio executive who allegedly pressured her to have sex with Billy Baldwin
Ex-Jaguars employee who stole $22 million from team sentenced to 6½ years in prison
Jessie James Decker Details How Her Kids Have Adjusted to Life With Baby No. 4