The 2021 peak was driven by corporate treasury adoption (MicroStrategy), NFT mania, and the first major institutional inflows. Retail participation peaked simultaneously. The subsequent 18-month bear market brought BTC to $15.5k after Terra and FTX collapses. Every crypto fortune has been tested by the drawdown that followed a 10x run; 2021-2022 was no exception.
market·November 10, 2021
Bitcoin $69k Peak
BTC tops at $69,044 on Coinbase. ETH peaks at $4,891 the same week. End of the 2021 bull cycle.