The peak of the 2021 bull cycle
Fear & Greed
Extreme Greed
Bitcoin Price
$69,000
30-Day Change
-18%
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. The Fear & Greed Index hit 84, deep Extreme 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