Explaining Crypto Price Movements
Why crypto prices are impossible to predict
Cryptos have staged an outsized rally following a "crypto winter" that began with a large decline in 2021. We have seen this pattern before, following large drawdowns in 2013 and 2018.
On the basis of this limited sample size, CryptoWorld has developed a narrative exemplified by the mantra "prices (always up." Thus, the present rally is yet another examp…