What happened during the 2018 cryptocurrency crash?

The 2018 cryptocurrency crash (also known as the Bitcoin crash and the Great crypto crash ) was the sell-off of most cryptocurrencies starting in January 2018. After an unprecedented boom in 2017, the price of Bitcoin fell by about 65% from 6 January to 6 February 2018.

Will Bitcoin crash in 2022?

The cryptocurrency also posted its heaviest quarterly losses in 11 years. However, the current market sell-off doesn’t 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 the genesis block, was mined back in January 2009.

What happened to cryptocurrencies in 2022?

The cryptocurrency has slipped into a bear market since November last year, recording one of its biggest historical crashes in 2022. In June, the cryptocurrency plunged below $20,000 for the first time since 2020, fueling extreme fear on the market.