Since this market carnage has happened, the capitulation has once again invoked BTC haters and pessimists that have said: “ bitcoin is dead.” However, on Sunday, bitcoin ( BTC) prices tapped a low of $31,107 and prices have neared the bottom low once again. That’s a massive loss of 53.66% in a month’s time, but bitcoin prices have managed to rise a hair higher than the bottom. ‘Two Major Peaks 8 Months Apart’īTC has seen better days and a month ago, the price reached $64k per coin but four days ago, BTC prices dropped to the lowest price point of 2021 at $30,066 per unit. However, not everyone is convinced the current crypto bull run is similar to 2017, as a number of crypto proponents think the 2013 bull run is more aligned with present trends. On Sunday, May 23, bitcoin prices have dropped to a low of $31,107 and bears have managed to take the reigns for a period. After the price of bitcoin touched a high of $64,895 per unit, speculators and skeptics think it might have been the top of the bull run and a 2018-like bear run is next.
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