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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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