That new beginning, crucially, is starting from a stronger baseline thanks to the wave of COVID-19 pandemic-driven education and enthusiasm, despite the wave of frauds that closed out the last bull. Bitcoin hit a local bottom of just under $16,000 back on Nov. 9, 2022, which, despite the huge drawdown from late 2021 highs, was still 66% up from prices as recently as September 2020.
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