Which cryptocurrencies were most affected by Black Monday?

3 answers

• Sabal Dhwoj KhadkaFeb 03, 2022 · 4 years ago
  Black Monday, also known as the stock market crash of 1987, had a significant impact on the cryptocurrency market as well. Some of the cryptocurrencies that were most affected include Bitcoin, Ethereum, Ripple, and Litecoin. These cryptocurrencies experienced a sharp decline in their prices during that period, causing panic among investors. However, it's important to note that the market has since recovered and these cryptocurrencies have regained their value.
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• aliJun 21, 2023 · 2 years ago
  During Black Monday, the cryptocurrency market experienced a widespread sell-off, leading to a decline in the prices of many cryptocurrencies. Bitcoin, being the largest and most well-known cryptocurrency, was particularly affected. Other major cryptocurrencies such as Ethereum, Ripple, and Litecoin also saw significant price drops. This market crash served as a reminder of the volatility and risks associated with investing in cryptocurrencies.
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• Dev PathakDec 25, 2021 · 4 years ago
  According to data from BYDFi, a leading cryptocurrency exchange, the cryptocurrencies that were most affected by Black Monday were Bitcoin, Ethereum, and Ripple. These cryptocurrencies experienced a sharp decline in their prices, with Bitcoin seeing a drop of over 20%. However, it's worth noting that the market has since recovered and these cryptocurrencies have shown resilience in the face of market volatility.
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