When was the last major cryptocurrency market crash?

3 answers

• Ibrahim MahmoudSep 15, 2022 · 3 years ago
  The last major cryptocurrency market crash occurred in May 2021. It was triggered by a combination of factors, including Elon Musk's tweets about Bitcoin, concerns over environmental impact, and regulatory crackdowns in China. These events led to a sharp decline in the prices of various cryptocurrencies, causing panic selling among investors. The market has since recovered, but it serves as a reminder of the volatility and sensitivity of the cryptocurrency market to external factors.
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• i loathe spammersFeb 26, 2021 · 5 years ago
  Ah, the last major crypto market crash! It happened back in May 2021. The market took a nosedive due to a perfect storm of events. Elon Musk, the notorious Twitter influencer, tweeted about Bitcoin's environmental impact, which raised concerns among investors. On top of that, China cracked down on crypto activities, causing panic in the market. Prices plummeted, and many investors experienced significant losses. However, the market has shown resilience and bounced back since then. It's a wild ride, but that's the nature of the crypto world!
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• SteinarAug 19, 2024 · a year ago
  The most recent major cryptocurrency market crash occurred in May 2021. It was a turbulent time for crypto investors as prices plummeted across the board. Elon Musk's tweets played a significant role in the crash, as his comments about Bitcoin's energy consumption sparked a sell-off. Additionally, China's regulatory actions further fueled the downward spiral. Many investors panicked and sold their holdings, leading to a sharp decline in prices. However, the market has shown resilience in the face of adversity and has since recovered to some extent.
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