Crypto's atmosphere currently looks like the period following the dotcom bubble's bursting, Paul ... [+] Eisma, Head of Trading at XBTO Group, explained. The cryptocurrency industry saw a similar bubble in 2017. The Crypto Bubble Of 2017With bitcoin leading the charge, 2017 yielded incredible price gains for the crypto markets. Between January and December 2017, bitcoin rose from less than $1,000, all the way up to almost $20,000, based on TradingView.com data. “The ‘irrationally exuberant’ 2017 speculative coin bubble was followed by the painful, necessary cleansing of the ecosystem in 2018,” Eisma said.

Source: Forbes June 27, 2020 12:45 UTC