2/14/2023 0 Comments Bitcoin price december 2017It would take another two years, until January 2017, to return to its previous record. By January 2015, barely a year after the crash, Bitcoin had stumbled all the way back below $200. Can you spot the blip? Image: CoinMarketCapīTC spent much of 2014 staging rallies followed by dramatic falls. The culprit: China's first cryptocurrency ban, when it banned banks from touching the asset. By December 17, the price had fallen by more than half. The price had reached $1,151.17 on December 3-then an all-time high-after trading for slightly above $200 just a month prior. But the December 2013 crash was a huge deal. It doesn't look like much now-just a blip on an otherwise flat line near the beginning of Bitcoin's life. Bitcoin, you'll be saddened to hear no longer costs less than a monthly internet bill. ![]() It was just a flash crash, though one with malicious roots. ![]() That's right: The price of BTC fell 99.9% in a day. After surging from $2 to $32 throughout the first half of the year, Bitcoin cooled back down to around $17.50 by the time a hack on the exchange allowed BTC to be sold for just a penny. Back before CoinMarketCap began tracking Bitcoin's price and even before Coinbase was around to facilitate buys and sells, Bitcoin was mainly traded on the long-defunct Mt. Where does this one-which may not be over despite a 4.5% rise to $37,000-stack up compared to previous crashes in Bitcoin and crypto history? ![]() From January 20-22, when the bottom started falling out, BTC went from $43,300 to roughly $34,650-a 20% drop in under 48 hours. Bitcoin has fallen 16.5% in just a week, while Ethereum is posting a 23% loss and Solana is down 33%. ![]() But most traders wouldn't use that term for a 9% Tuesday dip for Bitcoin-especially because BTC is just as likely to regain 8% on Wednesday.īut the current crypto market malaise is different. The word "crash" is thrown around a lot in crypto headlines.
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