Also worth noting is that in 2017 market participants were mainly individual investors. In this bull run, we also have large institutional investors, corporate investors, and many other entities not present in 2017. Yes, we will see shorter and longer pullbacks, but this bull run still has a lot of room to grow.
The crypto market continues with its bullish momentum in 2021, marking its fourth consecutive month of positive returns in January. During the first ten days, the crypto market steadily appreciated, gaining 46.3% in the process. This was followed by a swift one-day correction of -21.7%, which resulted in a loss of the majority of profits gained during the first ten days. Nevertheless, the crypto market quickly rebounded and managed to end the month with a positive monthly performance of 48.21%.