The “Crypto Crash”, from 2009 to today

From 2009 to 2022, the cryptocurrency sector has evolved a lot. Bitcoin (BTC) is particularly recorded huge gains. At the same time, there were a significant number of losses, due to the strong recovery of the cryptocurrency. Discover the history of crashes that have affected the bitcoin (BTC) market.

Bitcoin (BTC) drops from $32 to $0.01 in 2011

At the end of April 2011, the price of bitcoin (BTC) reached $1. In June 2011, the cryptocurrency increased its first-ever rally, hitting $32. Shortly after, it experienced a sharp drop, dropping to $0.01. This notable drop was largely attributed to security issues seen on former Japanese cryptocurrency exchange Mt. Gox. At the time, the majority of bitcoins (BTC) were traded on this exchange.

2015: a fall from 1000 dollars to less than 200 dollars

In April 2013, the price of bitcoin (BTC) reached $100. It continued to rise to the point of reaching $1000 in November. But, some time later, a downtrend was observed in the market. So, in December, the price of BTC tumbled below $700. The cryptocurrency dipped to an all time low in April 2014 trading around $360. Then, in January 2015, it bottomed out at around $170.

Bitcoin (BTC) drops to $3,200 leaving $20,000

In January 2017, bitcoin (BTC) returned to $1,000. It continued in an uptrend market reaching $20,000 at the end of 2017. Unfortunately, what happened in 2013 happened again, and the cryptocurrency fell shortly after hitting a low. historical picture. This is how the price of bitcoin (BTC) rose to around $3,200 in December 2018.

Sharp drop in 2021: from $63,000 to $29,000

The bearish trend was widely illustrated in the bitcoin (BTC) market from 2019 to 2020. Then the price of BTC returned to $20,000. Then, an uptrend took hold to the point that bitcoin (BTC) managed to break above $63,000 in April 2021. But, soon after, bearish sentiment dominated the market and the price of BTC fell. up to $29,000. Then, the uptrend returned, and in November 2021, bitcoin (BTC) hit its all-time high of $69,000.

2022: bitcoin (BTC) leaves $68,000 for $20,000

From $68,000, the price of BTC fell until it dipped below $20,000 in June 2022. Luckily, the past few days have seen a bullish move in the market. Currently, BTC costs around $23,000.

For many Bitcoin investors, June 2022 is the worst month, with monthly losses reaching 40%. But, we must not forget that the downward trend is not limited to the year 2022. Since 2009, there have been regular declines in the bitcoin (BTC) market.

Source: Cointelegraph

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Avatar of Luc José Adjinacou

Luc Jose Adjinacou

Far from having dampened my enthusiasm, an unsuccessful investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay with my pen information relating to this ecosystem.

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