A Brief History of Bitcoin Crashes and Bear Markets: 2009-2022

Bitcoin has historically seen its price drop from previous highs for more than three years, and the last peak was about 3 years ago. barely seven months. Analysis
Bitcoin (BTC) experienced one of its most brutal crashes on record in 2022, with the price of BTC dropping below $20,000 in June after peaking at $68,000 in 2021.

June 2022 became the worst month for Bitcoin since September 2011, with monthly losses reaching 40%. The cryptocurrency also recorded its heaviest quarterly losses in 11 years.

However, the current market sell-off does not make Bitcoin crashes and bear markets exclusive to 2022. In fact, Bitcoin has survived its fair share of crypto winters since the first Bitcoin block, or Bitcoin block. genesis, was extracted. in January 2009.

As we zoom out of the Bitcoin price chart, Cointelegraph recorded five of the most notable price declines in the history of the flagship cryptocurrency.
Bear Market #1: Bitcoin Crash from $32 to $0.01 in 2011
Time to retest previous record: 20 months (June 2011-February 2013)

Bitcoin price broke its first big psychological low of $1.00 in late April 2011 to begin its first-ever rally to hit $32 on June 8, 2011. But the joy didn't last long, as Bitcoin then dropped in value to lows of just $0.01 within days.

The massive sale was widely expected...

Crypto Jul 11, 2022 0 101 Add to Reading List

A Brief History of Bitcoin Crashes and Bear Markets: 2009-2022

Bitcoin has historically seen its price drop from previous highs for more than three years, and the last peak was about 3 years ago. barely seven months. A brief history of Bitcoin crashes and bear markets: 2009–2022 Analysis

Bitcoin (BTC) experienced one of its most brutal crashes on record in 2022, with the price of BTC dropping below $20,000 in June after peaking at $68,000 in 2021.

June 2022 became the worst month for Bitcoin since September 2011, with monthly losses reaching 40%. The cryptocurrency also recorded its heaviest quarterly losses in 11 years.

However, the current market sell-off does not make Bitcoin crashes and bear markets exclusive to 2022. In fact, Bitcoin has survived its fair share of crypto winters since the first Bitcoin block, or Bitcoin block. genesis, was extracted. in January 2009.

As we zoom out of the Bitcoin price chart, Cointelegraph recorded five of the most notable price declines in the history of the flagship cryptocurrency.

Bear Market #1: Bitcoin Crash from $32 to $0.01 in 2011

Time to retest previous record: 20 months (June 2011-February 2013)

Bitcoin price broke its first big psychological low of $1.00 in late April 2011 to begin its first-ever rally to hit $32 on June 8, 2011. But the joy didn't last long, as Bitcoin then dropped in value to lows of just $0.01 within days.

The massive sale was widely expected...