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    Two Methods This Crypto Crash Appears to be like Simply Just like the Final Peak

    Bitcoin, Ethereum, and different cryptocurrencies have clearly had a horrible week. And whereas it’s silly to strive predicting the place issues go subsequent, there are two massive similarities between this transfer and the one we noticed on the finish of 2017, the final time Bitcoin made its peak.

    The primary is that identical to final time, the Bitcoin peak got here nearly precisely on the level of a serious milestone in institutional acceptance.

    Bitcoin peaked this 12 months on April 14, at a worth slightly below $65,000. That additionally occurred to be the very same day of the Coinbase IPO, which was a serious milestone for the business.

    Bloomberg

    It simply so occurs that in 2017, Bitcoin peaked on Dec. 17 of that 12 months. That was mainly the precise second that the CME launched Bitcoin futures, which once more, on the time was a serious institutional milestone. In order that’s similarity primary.

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