Six Major Black Swan Events in the Cryptocurrency World!!! 🔥🔥🔥
1. February 2014 Mentougou Incident: Bitcoin Plummets by 80%
In February 2014, the Mentougou incident was regarded as one of the most severe events in cryptocurrency history. At that time, the world's largest Bitcoin exchange MTGOX was hacked, losing nearly 850,000 Bitcoins, which accounted for seven percent of the total global Bitcoin supply. This incident not only led to an 80% drop in Bitcoin prices, but also triggered a crisis of trust in the cryptocurrency market.
2. September 4, 2017 Incident: Market Value Evaporates by 80%
In 2017, the cryptocurrency market experienced significant volatility, with market value evaporating by 80% in just a few days. Investors suffered heavy losses in this crisis, but it was precisely such experiences that deepened the understanding of the complexity of the cryptocurrency market.
3. March 12, 2020 Incident: Ethereum Plummets to $80
On this heartbreaking day, the price of Ethereum plummeted below $80. This incident showcased the volatility and uncertainty of the cryptocurrency market; nevertheless, the belief in the immense potential and value of cryptocurrencies remained steadfast.
4. May 19, 2021 Incident: 600,000 Contracts Liquidated
This was a shocking event, where 600,000 contracts were liquidated overnight, leading to substantial losses for countless investors. This incident once again reminded us that the cryptocurrency market is filled with risks and uncertainties.
5. 2022 Luna Black Swan Event: Crisis in the DeFi Sector
The Luna black swan event marked a significant turning point in the cryptocurrency market, triggering a major crisis in the decentralized finance (DeFi) sector, which had far-reaching impacts on the market.
6. 2022 FTX Explosion Incident: Market Trust Crisis
The FTX explosion incident triggered a crisis of trust throughout the entire cryptocurrency market, severely impacting the market.
Currently, the market is in a correction phase, with funds flowing out to the first level. Everyone can look for potential in first-level memes, such as puppies, which have shown promise after a long observation.
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