The cryptocurrency market in 2021 was truly a love-hate year. Bitcoin surged ahead, with prices skyrocketing, while Ethereum remained calm and collected, reluctant to make a move. Just when everyone thought it would continue to 'play dead', on January 19, Ethereum suddenly surged, breaking through its previous high.
This was initially exciting news, but the subsequent events caught everyone off guard. Just two days after Ethereum broke its previous high, on January 21, the market experienced a shocking turn, with Ethereum's price plummeting 20% in a single day. This led many contract players to collectively liquidate their leverage, and even the contract platforms couldn't hold back their tears. But this is the charm of the cryptocurrency market; you never know what will happen next. After a week of turbulence, the market became active again, altcoins began to soar, and there were three months of continuous rallies, until that day on May 19, when the entire market erupted. During this time, Ethereum doubled, and some altcoins even skyrocketed tenfold!
However, when the bull market ended, most people realized that the subsequent market had turned into a carnival for a select few. But don’t worry, the big players will issue red envelopes every year, allowing retail investors to have a good year. This year, this tradition will be no exception.
Although the volatility of the cryptocurrency market is hard to grasp, as long as we remain patient, we will surely be able to wait for our opportunity. So, what kind of surprises do you think this year's market will bring us? Come and share your thoughts in the comments! Thank you all for watching and supporting!