cryptocurrenciesattracts the attention of investors with their returns promises that are directly proportional to the high risk they entail.

However, the high risk also means sudden and serious declines It also means that it can happen. Let’s take a look at the biggest cryptocurrency market crashes to date.

The first major blow to Bitcoin was in June 2011.

2011 was the year Bitcoin met the masses.

Although it may seem like a joke, prices suddenly rose during those years. From $2 to $32 skyrocketed and made investors hopeful.

On June 19, 2011, the largest Bitcoin exchange of that period was Mt. gox you were attacked and announced that hundreds of thousands of dollars worth of Bitcoin had been stolen, sending a wave of panic through the markets.

Bitcoin’s value is plummeting due to continued panic selling dropped below $1 and many investors lost their assets.

In August 2012, investors fell victim to an insidiously designed fraud.

In 2012, there was a company that promised investors an incredible weekly return of 7%. The Ponzi scheme was introduced and many people fell for this plan.

So the scammer behind this incident is precise 700,000 Bitcoins He stole and disappeared.

This event is happening again in the crypto world wind of panic blows causes.

In April 2013, Bitcoin more or less succumbed to its own success.

During these years, Bitcoin gradually began to gain a place in the media attracted the attention of investors.

Amid great interest from investors, the price of Bitcoin climbed to $260.

However, Mt. Gox Exchange could not handle this intense demand and collapsed.

After this technical glitch, hackers intervened and caused the stock market to collapse. to be completely closed causes.

As a result, prices suddenly rise It dropped to $50.

In December 2013, China’s official ban on Bitcoin caused prices to rise. 50% It caused such a decline.

Bitcoin, which reached its peak in December 2017, faced a sharp collapse.

Prices 2017 to $20,000 levels He came and broke the record.

However, this increase was something of a bubble On December 27, 2017 The bubble burst, causing a sharp decline.

Bitcoin was then at $20,000 under $12,000 stood out.

In March 2020, Bitcoin was hit hard by the pandemic.

In March 2020, Bitcoin lost half its value in two days. to levels of $4,000 stood out.

Bitcoin in May 2021 up to $64,000 rose to the highest level in its history.

However, factors such as Elon Musk’s announcement that he will not accept Bitcoin payments for Tesla, China’s introduction of new regulations, and discussions about the environmental impacts of Bitcoin mining have increased the price. It resulted in a decrease of more than 50%.

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