🚀💥 The Roller Coaster of Bitcoin and Ethereum! 📉💰
#ethereun #ETH #btc #Bitcoin #Binance
During the previous Bitcoin halving, a significant event occurred: 90% of investors exited their positions on March 8, 2020. Ethereum (ETH) experienced a sudden 17% drop from $250 to $210, while Bitcoin (BTC) fell 10% from $9,200 to $8,300.
The market briefly recovered but then fell further the next day, triggering the US stock market's first circuit breaker. ETH fell another 10% to $190, and BTC fell 8% to $7,700. This caused widespread panic and new liquidations.
As the market continued to decline on March 10 and 11, some investors believed the worst was over and began buying again, only to experience a severe decline on March 12. ETH plummeted from $1,500 to $150, and BTC fell from $8,000 to $5,500.
Many in the cryptocurrency community, including myself, felt the market was over, leading to a massive sell-off. However, some remained optimistic and began buying from the bottom once again on March 13. Despite the challenges, there were still people determined to rebuild and persevere in the industry.
The cycle of volatility and resilience continues, with Ethereum (ETH), Bitcoin (BTC), and Solana (SOL) remaining prominent players in the market.
