Bitcoin’s First Major Surge and Crash in 2011
In 2011, bitcoin leapt from under $1 to nearly $32 before crashing back below $3. The surge drew early mainstream attention, exposed exchange weaknesses, and set a precedent for future volatility.
Capitalizations Index – B ∞/21M
In 2011, bitcoin leapt from under $1 to nearly $32 before crashing back below $3. The surge drew early mainstream attention, exposed exchange weaknesses, and set a precedent for future volatility.
bitcoin’s bull and bear market cycles are driven by scarcity, investor sentiment, and macro trends. Understanding halving events and past cycle behavior helps explain recurring price surges and deep corrections.