List of major bitcoin corrections since 2012.
1 Like
Here is a breakdown of the visual, showing each of the corrections in bitcoin by date of occurrence. It will also include the percent of value loss and the length of the correction in number of days:
-
January 12, 2012 – January 27, 2012, -30%, 16 Days
-
August 17, 2012 – August 19, 2012, -57%, 3 Days
-
March 6, 2013 – March 7, 2013, -33%. 2 Days
-
March 21, 2013 – March 23, 2013, -35%, 3 Days
-
April 10, 2013 – April 12, 2013, -83%, 3 Days
-
November 19, 2013 – November 19, 2013, -50%, 1 Day
-
November 30, 2013 – January 14, 2015, -87%, 411 Days
-
March 10, 2017 – March 25, 2017, -34%, 16 Days
-
May 25, 2017 – May 27, 2017, -33%, 3 Day
-
June 12, 2017 – July 16, 2017, -39%, 35 Days
-
September 2, 2017 – September 15, 2017, -40%, 14 Days
-
November 8, 2017 – November 12, 2017, -30%, 5 Days
-
December 17, 2017 – February 6, 2018, -70%, 48 Days
Overall, the latest correction in the price of bitcoin is nothing out of the ordinary. History shows that the top cryptocurrency has sustained much more rapid losses during a shorter period of time over the course of the past several years, yet it has not discouraged long-term investors.
Regulatory crackdown fears seem to be main source of the latest crash, but the recent cryptocurrency regulatory hearing before the U.S. Senate struck a much brighter tone than crypto traders had anticipated. This shows that fears of regulators attempting to shut down the cryptocurrency market are overblown
1 Like