The current bullish surge in the cryptocurrency market, particularly Bitcoin's stunning 300% increase in 2021 to an all-time high of more over $65,000, demonstrates increased institutional usage and restricted supply dynamics. This bullish cycle saw the exponential increase of Bitcoin as well as the propulsion of rival cryptocurrencies (altcoins) and a surge in market sentiment, powered by technology developments in blockchain, DeFi, and NFTs. The combination of these variables has ushered in an era of increased investor confidence, excitement, and widespread retail interest, defining the present crypto market's fascinating landscape.
