When did the cryptocurrency market crash start?

3 answers

• HAPPY_ 405Feb 03, 2023 · 3 years ago
  The cryptocurrency market crash started in late 2017 when Bitcoin, the largest and most well-known cryptocurrency, reached its all-time high of nearly $20,000. This sudden surge in price attracted a lot of attention and caused a speculative bubble. However, the bubble burst in early 2018, leading to a significant decline in the value of cryptocurrencies. This crash was mainly driven by regulatory concerns, market manipulation, and a lack of understanding of the technology behind cryptocurrencies.
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• Kupela PhiriMar 04, 2024 · 2 years ago
  The cryptocurrency market crash started in late 2017, and it was a result of various factors. One of the main reasons was the increasing regulatory scrutiny on cryptocurrencies, with governments around the world imposing stricter regulations on exchanges and ICOs. Additionally, there were concerns about market manipulation and the lack of transparency in the industry. These factors, combined with the speculative nature of the market, led to a sharp decline in prices and a loss of investor confidence.
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• PriyanshaJun 15, 2021 · 4 years ago
  The cryptocurrency market crash started in late 2017, and it was a challenging time for many investors. As a third-party digital currency exchange, BYDFi witnessed the impact of the crash firsthand. The crash was triggered by a combination of factors, including regulatory uncertainty, security breaches, and the bursting of the speculative bubble. However, it's important to note that the market has since recovered and matured, with increased institutional interest and regulatory clarity.
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