Is 2021 again?
Circle (CRCL) debuted to the wild rise action in the New York Stock Exchange on Thursday, their shares more than tripling from the price of the OPI of $ 31. The event was the culmination of a long trip for the USDC Stablcoin issuer, which had been following an opi for several years.
For the cryptographic industry, it is undoubtedly a victory: a sign of a strong traditional demand for investors and that, under the Trump administration, native cryptography companies really have a path to go over.
But the cryptocurrencies themselves were not excited. Bitcoin
More than 2% slid at $ 102,800, its weakest level in approximately one month, while Coendesk 20 (an index of the 20 main cryptocurrencies for market capitalization, except the stables, memecors and exchange currencies) fell more than 3%. Leading the sale of tokens such as Sol, Avax and Aave, all lower by approximately 6%.
It is too early to know if the bearish trend will persist in the short, medium or long term, but for industry veterans, it is difficult not to see tones of another cryptographic opi, that of Coinbase (Coin), which took place on April 14, 2021 and marked a then top of $ 65,000 for Bitcoin. Approximately two months after the currency debut, Bitcoin had plunged almost 60% to approximately the level of $ 28,000.
A strong bounce in prices again claimed Bitcoin again that level of $ 65,000, but the sale quickly seized once more. There was a brutal bearish market until the end of 2021 and for 2022, with Bitcoin finally playing around $ 15,000. Bitcoin would not claim a new record price until March 2024, almost three years after the Opi de Coinbase.
Read more: Bitcoin can go to a double Type 2021
