Do you remember the madness of 2017? Bitcoin skyrocketed from $900 at the beginning of the year to nearly $20,000, making it the most dramatic rally in the history of the crypto market.

I recently revisited this period and suddenly realized that many newcomers might not have experienced that era. The price movement of Bitcoin in 2017, to some extent, defined the entire crypto market's imagination space. From $900 to $20,000, the increase was over 2000%, a growth rate unimaginable in any traditional market.

What happened that year? Mainly a combination of several factors: institutional investors started paying attention, retail FOMO sentiment exploded, media coverage was overwhelming, and various derivatives and exchanges emerged. Everyone was talking about how regretful it would be to miss Bitcoin, and the entire market fell into a collective frenzy.

Looking back now, the process of Bitcoin rising from $900 to $20,000 in 2017 was actually a milestone marking the first time the crypto market truly entered the public eye. Although it later experienced a long bear market, this period still profoundly influenced the development trajectory of the entire industry.

Interestingly, every time the market rebounds, people bring up stories from 2017 to discuss. This also shows that Bitcoin's performance that year has become an important reference point for market psychology. If you want to understand the cyclical nature and emotional shifts of the crypto market, 2017 is definitely a period of history you must know.