This Is The 10th Time Bitcoin Has Crashed By Over 30% Since 2017

While tumbling in price, Bitcoin (BTC) has taken the vast majority of cryptocurrencies with it. Outside of Solana, AAVE and a few others weathering the storm, everything looks in the red.

The chart may be looking quite grim now – after a rough week that sent the price of 1 BTC plummeting from $59,434 USD to $43,974 USD (at the time of writing). Although Bitcoin price fall doesn’t seem to have come to a halt yet, this is not the first time it happens to BTC and in the past it has always recovered, eventually.

Routine Blow-Offs Of Around 30%

Below is a table showing that drastic drops in value are recurrent events.

DateBTC price % drop
January 201735%
March 201733%
May 201732%
July 201740%
September 201741%
November 201730%
December 201721%
December 201723%
December 201884%
January 202131%
February 202126%
May 202132%

A drop in value almost as big as the current one took place as recently as January – and the market promptly pushed the price to a new all-time high not long after.


Why Has BTC Dipped?

There are factors that may have contributed to the dip

Of course, cryptocurrency trading remains high-risk, high-reward – and panic selling may not be the best move, as we see big corporations continue buying the dip.

Cristian Lipciuc

Cristian Lipciuc

Cristian Lipciuc is a blockchain journalist working with startup companies across multiple domains such as freelancing, app development & cryptocurrency. Cristian specializes in applied blockchain technologies, cryptocurrency integration, the adoption of new technologies by governments, and cybersecurity.

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