Bitcoin’s journey since its inception in 2009 has been marked by dramatic bull and bear cycles. These market shifts define Bitcoin’s volatility, influencing investor sentiment and shaping its role as a digital asset.
The first major bull run occurred in 2013, when Bitcoin surged from $13 to over $1,000, driven by increased awareness and adoption. However, this was followed by a bear market in 2014 after the Mt. Gox exchange collapse, dropping Bitcoin’s price by over 80%.
In 2017, Bitcoin reached new heights, peaking near $20,000 due to factors like institutional interest and the ICO boom. A prolonged bear phase followed in 2018, with prices falling to around $3,000.
The 2020–2021 bull run saw Bitcoin soar to $64,000, fueled by institutional investments and mainstream adoption. Yet, by mid-2021, a regulatory crackdown and market corrections led to another bear market.
2022 brought further decline, with Bitcoin dipping below $16,000 due to rising interest rates and crypto market collapses. In 2024, optimism is returning with the upcoming halving and potential ETF approvals, possibly signaling the start of another bull market.
These cycles highlight Bitcoin’s volatility but also its resilience, as each bear market has historically paved the way for
new highs.
