7 Most Significant Bitcoin Price Drops in History🚨🚨
June 2011: -99%
Bitcoin plummeted from $32 to nearly $0.01 as a result of the Mt. Gox hack and a lack of liquidity.
August 2012: -56%
The price of Bitcoin fell from approximately $15.40 to around $7 due to the downfall of the Bitcoin Savings & Trust Ponzi scheme.
April 2013: -83%
A flash crash on Mt. Gox, triggered by DDoS attacks, caused Bitcoin to drop from about $259 to $45.
December 2013: -70%
Concerns over regulatory actions in China led to Bitcoin's decline from approximately $1,151 to $340.
January 2018: -51% (eventual 84%)
Initially, Bitcoin decreased from around $19,700 (all-time high) to $9,500 as the market cooled. By the end of 2018, the total decline reached
approximately 84%.
March 2020: -50%
In the wake of the COVID-19 market crash, Bitcoin fell from about $9,000 to $4,000 within a matter of days.
May 2021: -53%
Following the China mining ban and widespread market anxieties, Bitcoin dropped from approximately $64,800 (all-time high) to $30,000.
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