Though crypto historical past is brief, with Bitcoin celebrating its fifteenth birthday this yr, we’ve already skilled three main cycles: 2011-2013, 2015-2017, and 2019-2021. The brief cycle time isn’t a surprise given the crypto market trades 24/7, about 5 instances greater than the fairness market. The 2011-2013 cycle was predominantly about BTC, as ETH launched in 2015. Analyzing the previous two cycles reveals patterns that assist us perceive the anatomy of a crypto bull market. With the market warming as much as the U.S. election and improved liquidity outlook, historical past would possibly rhyme once more.