December 2020
Intermediate to advanced
256 pages
5h 10m
English
Content preview from Kings of CryptoBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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16
BitcoinTriumphant
The depth of crypto winter came on December 15, 2018. On that day, the price of bitcoin dipped to $3,200—more than 80 percent below its high a year earlier. The handful of mainstream media outlets still reporting on crypto noted how far the industry had fallen, and a few pundits pronounced that this time bitcoin was dead for good. Then, as had happened so many times before, bitcoin responded to predictions of its demise by going on a bull run.
The uptick was almost imperceptible at first. In February of 2019, bitcoin shuffled above $4,000, and then, in what would become known as the April Fools’ Day rally, the price shot up nearly $1,000 in a single day. By May, bitcoin was trading above $8,000, and in June it hit the $12,000 ...
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