Ciaran Ryan
3 minute read
13 Jan 2021
7:05 am

Is there a crypto bubble?

Ciaran Ryan

Analysts suggest that the decline is unlikely to be as severe as in 2018.

(Photo by JACK GUEZ / AFP)

Veteran crypto investors have seen this picture before. Bitcoin nearly doubled since the beginning of December to January 8, 2021, then the bubble started to blow off some steam with a 20% price drop in the last three days. It’s much the same story for Ethereum, Litecoin, Bitcoin Cash and other cryptocurrencies, all of them virtually doubling over a period of five weeks. Ethereum is down 24% in the last two days after coming within a whisker of its previous all-time high of $1 450. The spectacle of Trump supporters invading Capitol Hill last week and the aftermath of a contested...