Since the creation of Bitcoin less than 10 years ago, the Year of the Rooster certainly not been busier than 2017, for the whole cryptocurrency market. Now, at the dawn of the Chinese New Year, the year of the dog, it is worth looking back at everything that has happened.

Everything started relatively discreetly in January 2017 with Bitcoin exceeding the $ 1,000 mark. The cryptocurrency market would make its mark, both in the consumer market and in global markets.

A gradual rise

2017 welcomed Bitcoin to the top of the table, just above the $ 1,000 mark. The year began slowly for cryptocurrency, such as Bitcoin, Litecoin and Ethereum, some of the heavyweights in terms of market capitalization, all slid sideways.

Gentle rumblings in the second quarter

It was only in the second quarter of the year that things started to heat up, as volatility pushed up prices on the rise. By the end of May, the Bitcoin price had doubled, while Litecoin had gone from $ 3 to $ 25 in the same time frame.

A boom of OICs

This increase in cryptocurrency market growth has resulted in a sharp increase in the number of OICs and new coins entering the market. In April, the ICO market rose from $ 6,000 to $ 150 million, as companies jumped on this new form of financing.

The frenzy of the ICOs and the interest they arouse in terms of new investors have seen the market for cryptocurrency calling for the first time. New investors have entered the waters by raising the price of most of the larger, more established coins, while setting more and more records for ICOs.

The End of a Civil War

Bitcoin and his greatest companions needed to grow and gather more support and interest from all of them. However, under the surface, a civil war broke out, reaching a crescendo while the Bitcoin network was struggling to adapt to the influx of new users.

Suggestions have been made by a divided community Soft Fork activated by the user. This division of opinion provoked confusion in the Bitcoin market as the various factions fought tooth and nail

However, while the market plunged until the deadline of August 1, the result was much better than expected for Bitcoin and its newly formed alternative, Bitcoin Cash. The fork was produced, as was the Segwit initiation, but at the end of the war, the markets reacted positively.

A new wave of interest

With the end of the internal squabbles at Bitcoin new wave of interest, the one that was backed by Wall Street money . Those who had avoided Bitcoin as too unstable before starting to enter the market.

The interest and opinion of Wall Street types saw Bitcoin become more prevalent in mainstream media, and as the price increased,

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Interest unwanted

However, Bitcoin and other crypto-currencies were still mostly seen as dark web tools and hackers, and with the regulators far behind the eight and skeptics of this decentralized monetary system, there was a severe repression to come

China began with a general ban on ICOs, which had reached its climax, then went even further by banning trade.

Russia quickly followed suit, but by then the market had plummeted and regained momentum after China's regulatory crackdown. In fact, the market has barely budged on news from Russia banning access to Bitcoin trading.

Monster Rally

It became apparent that Bitcoin and other cryptocurrencies were getting too big to be broken, and negative news did not manage to beat the currencies digital, the interest came back and prices soared.

Bitcoin broke $ 10,000 in late November and broke through the $ 1,000 barrier with ease. rally

A big correction and the boom of altcoins

The rally was imposed at the dawn of the introduction of futures on the crypto markets. These Wall Street investment tools have further legitimized digital currency, and have also helped individuals join the race to get involved in cryptocurrencies.

The brief stop at $ 20,000 indicated a peak for Bitcoin that dropped to $ 13,000. to reach again the same heights as the year was drawing to a close. However, there was a late rally that saw a number of altcoins having their day in the sun, including Bitcoin Cash, Ripple and Ethereum.

The New Year's Bull

The correction continued for Bitcoin, and other altcoins, as the market began to tumble in January. Many have speculated that it was because of the Chinese new year celebrations that were coming, drawing comparisons to similar statistics in the past years right now.

However, as Bitcoin crossed less than $ 10,000 the speculation and reports began to lower the price even lower. There was a lot of FUD about the events in South Korea, which turned out to be a false alarm regarding a potential ban. Similarly, in India, there was a general misinterpretation of a budget speech

The price of Bitcoin dropped to $ 6,200 while many proclaimed the death of Bitocin for the umpteenth. However, Bitcoin returns to $ 10,000 and continues to climb with the approach of the Chinese New Year

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