Some of the biggest drops in cryptocurrency history include:
Bitcoin's 2011 crash: Bitcoin's value dropped by 99% in June 2011.
Bitcoin's 2020 crash: Bitcoin's value dropped by more than 39% in a single day on March 12, 2020, from $7,935 to $4,826. This occurred during the initial COVID-19 pandemic wave.
TerraUSD's collapse: In the spring of 2022, the price of TerraUSD, a widely used stablecoin, fell to 23 cents. This happened after enough people withdrew their money from the coin.
Other notable Bitcoin crashes include: August 2012: -56, April 2013: -83, December 2013: -50, December 2017-December 2018: -84, and May 2021: -53.