RATE Group | Cryptocurrencies Annual Market Recap – 2019
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Cryptocurrencies Annual Market Recap – 2019

01 Jan Cryptocurrencies Annual Market Recap – 2019

Posted at 08:48h in Cryptocurrency News by

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2019 delivered some much-needed respite to the crypto bulls who got burned in 2018’s crypto meltdown that had seen Bitcoin visit $3,200 levels. It was quite a fall from the all-time high $19,981 struck back in December 2017.

The gains through 2019 may not have been as spectacular as those seen back in 2017, but they were with meaning nonetheless.

For the crypto market, Bitcoin’s recovery from 2018’s lows over the course of 2019 ultimately delivered one simple statement. “Cryptocurrencies are here to stay.”

There was certainly much less regulatory chatter throughout 2019 when compared to 2018, which provided support to Bitcoin and the broader market.

Throughout the year, there were also some key events that contributed and also limited the moves over in 2019. Key events included:

The SEC and Bitcoin ETFs

The SEC rejected Bitwise’s Bitcoin ETF application back in October. While the rejection was negative, the SEC Commission did attempt to soften the blow.

In a statement,…

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