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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.

Is the Great crypto crash of 2018 a record book?

Photo by Dan Kitwood/Getty Images The Great Crypto Crash of 2018 looks more and more like one for the record books. This advertisement has not loaded yet, but your article continues below. As virtual currencies plumbed new depths on Wednesday, the MVIS CryptoCompare Digital Assets 10 Index extended its collapse from a January high to 80 per cent.

Is January 2018 a good time to invest in cryptocurrencies?

January 2018 is turning out to be worse than January 2014. That was the last time the cryptocurrency markets had faced such a crash. If there’s a lesson to be learned from this fiasco, it’s that investing in cryptocurrencies is not for the faint of heart.

Is crypto a bubble?

The only logical explanation: It’s a bubble. His views were especially prescient. He told Bloomberg this month that he made a profit twice due to this canny call. But to understand the dynamic that led to this year’s depressing year for crypto, we actually should start a few years before 2018.