Bitcoin and other crypto might be off ever highs, just set prior in 2021 much of the time, however that isn't awful information for crypto appropriation and improvement.
Starting in the second half of 2020 and accelerating through the first quarter of 2021, the crypto asset space consistently hit all time highs, set records in terms of market capitalization, and generally recaptured much of excitement that had not been seen since the prior bull run in prices during 2017. Alongside this increased interest and excitement, however, there were some indications that the market had become overheated. The Beegle auction and Dogecoin pop - in hindsight - may have been signs of the market making a top.
In addition, it is interesting to note that incumbent financial institutions, well known for price and market forecasts, have recently issued more mixed and some conservative price estimates. Granted these very same institutions are 1) the opposite of the decentralized promise of bitcoin, and 2) had previously issued bullish price targets, but the point is the same. The incredibly dramatic rally in prices for cryptoassets such as Dogecoin also seem illustrative of the frothiness that had seized the wider blockchain and cryptoasset marketplace.
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Reference https://www.forbes.com/sites/seansteinsmith/2021/04/28/crypto-price-consolidation-is-good-news-for-crypto-development/?sh=e56487646b25