The cryptocurrency market in 2021 was truly a love-hate year. Bitcoin rode high, with prices soaring, while Ethereum seemed like a calm boss, hesitating to make a move. But just when everyone thought it would continue to 'play dead,' on January 19th, Ethereum suddenly surged, breaking through its previous high.
This was supposed to be exciting news, but the subsequent events caught everyone off guard. Just two days after Ethereum broke its previous high, on January 21st, the market suddenly staged a shocking drama, with Ethereum's price plummeting by 20% in a single day. This directly led many contract players to collectively liquidate their leverage, and even the contract platforms couldn't help but shed tears. But that's the charm of the cryptocurrency market; you never know what will happen next.
After a week of turbulence, the market became active again, and altcoins began to soar, experiencing a three-month rally, until that day on May 19th when the entire market boiled over. Ethereum doubled during this time, while some altcoins skyrocketed by ten times! However, when the bull market ended, most people realized that the following trends had become a celebration for a select few. But don't worry, the big players give out red envelopes every year, allowing retail investors to enjoy a happy new year. This year, this tradition will not be an 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 to the comments section and let me know your thoughts! Thank you all for watching and supporting!