Following bitcoin’s 2017 rally, a significant crash occurred that the crypto market spent much of the following two years picking itself up from. However, investor behavior today appears to be different to that of 2017. What are the differences?
Bitcoin has become a far more popular asset for investors over the course of 2020. More wallets that typically buy and hold cryptocurrencies are turning to bitcoin as a kind of “crypto safe haven”, while fewer cryptocurrency wallets are involved in high magnitudes of trading. The chart also shows that there’s a correlation between a …