A timeline of Bitcoin crashes and bear markets from 2009 to 2022
Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin experienced one of its most severe crashes in 2022, with the BTC price falling below $20,000 since June of this year, after peaking at $68,000 in 2021. However, the current market sell-off does not imply that Bitcoin crashes and bear markets will be limited to 2022. Since the first Bitcoin block, or the genesis block, was mined in January 2009, Bitcoin has seen its fair share of crypto winters. As we zoom out on the Bitcoin price chart, we notice five of the most notable price drops in the cryptocurrency’s history. Bitcoin’s price plummeted from $32 to $0.01 in 2011 20 months to retest previous high: (June 2011–February 2013) Bitcoin’s price broke its first major psychological barrier of $1 in late April 2011, launching its first-ever rally to $32 on June 8, 2011. But the happiness didn’t last long, as Bitcoin’s value dropped to $0.01 in a matter of days. The s...