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A year ago today, BTC went to $64,863 - the top of the first leg of the bull run of 2021

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by COINS NEWS 144 Views

Early 2021 was great, wasn't it? BTC - and most of crypto with it - had been on a constant rise for almost a year already without any really major dips - the biggest recent one being from like 40k to 30k in January, from which BTC recovered within weeks, just to keep going up further afterwards.

On April 14, 2021 BTC reached a new ATH - $64,863.10 according to Coinmarketcap - which was not unusual in that phase, BTC reached new ATHs all the time. But I feel like it was the end of a phase, in a way. In the following days, it declined to about 50k, followed by another smaller spike and then a steep and continuous decline to a low below 30k in July.

Don't get me wrong, of course BTC picked up again afterwards, resulting in new ATHs in October and then the current one in November, but to me at least it felt different than the bull run in late 2020 and early 2021. In that first leg of the bull run, so many people were either new to crypto and had never experienced a crash, or had kind of forgotten what a crash looks like as it had been a while - the euphoria and optimism that things would just continue to go up were incredible. The second leg of the run, starting in late July, was great as well, but with the last crash just happening recently and everyone remembering it, people seemed much more aware that it could happen again at any point and the general sentiment, at least in my opinion, never went quite as crazy again.

The bull run of late 2020/early 2021 was the first one I experienced in crypto, and I have fond memories of it. Let's hope we'll see such a crazy run again in the future!

submitted by /u/mic_droo
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