November 10, 2021 · Price Rally
Bitcoin All-Time High, $69,000
The peak of the 2021 bull cycle
Crypto Fear & Greed
75
Greed
Source: Alternative.me, November 10, 2021
Bitcoin price
$69,000
30-day change
-18%
Lower 30 days later
What happened
Bitcoin reached $69,000 on November 10, 2021, marking the peak of the 2020-2021 bull cycle. The rally was driven by retail enthusiasm, NFT mania, DeFi summer aftereffects, and narrative momentum around Bitcoin as an inflation hedge. Alternative.me's Crypto Fear & Greed Index read 75, Greed. What followed was a painful 13-month decline to $15,500, punctuated by the Luna, 3AC, and FTX collapses. This high became the benchmark against which the 2024 recovery was measured.
Key narratives
- Retail FOMO
- Inflation hedge
- NFT mania
About the score
The score is the daily value of the Crypto Fear & Greed Index, Alternative.me, a composite of market and attention data. Perception’s own media-based reading for the same day is in the daily sentiment archive for November 10, 2021.
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