🚀How were The second Bull Run ?🚀🌙
The second bull run in cryptocurrency began in late 2016 and peaked in December 2017. During this period, the total market capitalization of all cryptocurrencies increased from around $10 billion to over $800 billion.
Bitcoin, the largest cryptocurrency, saw its price increase from around $1,000 to over $20,000 during the second bull run. Other cryptocurrencies, such as Ethereum, Litecoin, and Ripple, also saw significant price increases during this period.
There were a number of factors that contributed to the second bull run. One factor was the increasing awareness and adoption of cryptocurrency. More and more people were beginning to learn about and invest in cryptocurrency. Additionally, there was a growing number of businesses and organizations that were starting to accept cryptocurrency payments.
Another factor that contributed to the second bull run was the launch of new and innovative cryptocurrency projects. For example, Ethereum launched its decentralized applications (DApps) platform in 2017. This led to a surge in interest in Ethereum and other DApps platforms.
The second bull run came to an end in December 2017, when Bitcoin and other cryptocurrencies experienced a sharp decline in price. This decline was caused by a number of factors, including increased regulation, concerns about fraud and security, and a general sell-off of risky assets.
Despite the end of the second bull run, the cryptocurrency market has continued to grow and mature. There are now over 18,000 different cryptocurrencies in existence, and the total market capitalization of all cryptocurrencies is over $1 trillion.
$BTC $ETH $BNB
