✍ Bitcoin and the entire crypto market have experienced sudden crashes multiple times in the past.According to my research some of the most notable crashes include:
1. March 2020 (COVID-19 Crash)
BTC dropped from around $8,000 to $3,800 in just two days due to panic selling across global markets.
The market recovered quickly, and BTC went on to reach $69,000 in November 2021.
2. May 2021 (China Ban & Over leveraged Market)
BTC fell from $64,000 to $30,000 within weeks after China intensified its crackdown on mining and trading.
Heavy liquidations of leveraged positions worsened the crash.
It recovered and reached a new all-time high of $69,000 in November 2021.
3.June 2022 (Terra/LUNA Collapse & Celsius Bankruptcy)
BTC plunged from $30,000 to $17,000 after Terra’s UST stablecoin lost its peg, causing a domino effect.
The crypto lending platform Celsius also froze withdrawals, leading to further panic.
The market remained bearish for months before gradually recovering in 2023.
4.November 2022 (FTX Collapse)
BTC crashed from $21,000 to $15,500 after the sudden collapse of FTX, one of the largest crypto exchanges.
The event caused widespread panic, but BTC slowly recovered throughout 2023.
✍What Can We Learn?
Crypto is highly volatile, and these sudden dips have happened multiple times.
Every crash has been followed by a recovery, but the timing varies.
Note; Bitcoin has always rebounded to new highs after major corrections.
My advantage 👍👏💪; Spot traders like me are in a better position than leveraged traders (Futures) even though our assets lost value almost -80% but we still have them and possibly the market will recover.
My advice; If you got some money left with you, buy the dip of the same coin/tokens that you already possess in order to bring the average down so that in case of a recovery, we get out of the market as soon as possible with huge profits. (DCA)
$BTC $ETH $BNB #CryptoMarketDip #USJoblessClaimsDrop #writetoearn