Hello Guys,
We know that Bitcoin has plunged from its All time high till date is about 6600$. And that is the reason why lot of people special who just attracted to the Crypto Currency field had broken fully.
But You must be aware that Fall like this one is not happened first time, Already many time before this type of crash had been seen, but no crash was happened without any reason
Today, we want you to know Big Crashes in Bitcoin and the reasons behind if
{1} 2011 -JUNE TO NOV :
The price of Bitcoin crashed up to 94% from $32 to $2
Reason was MtGox Exchange Hack
{2} 2012 -JAN TO AUG:
The price of Bitcoin crashed here only 36% lesser that 2011
From $720 to $460
And the reason was Paxon drops Bitcoin support
and Linode Exchange Hack
{3} 2013 - March 6 to 11:The price of Bitcoin Crashed 25% here also lesser than earlier both crash as
Problem remained only for 5 days then it was solved
Priced fell $49 to $36.50
{4} 2013 April 10:
Here Single day fall was very high up to 79%
Reason was MtGox exchange was temporarily went down and fear was too high
The prices of Bitcoin fell from $266 to $54
{5} 2014- Feb 24:
MtGox Exchange was hacked again and thats why Price of Bitcoin fell up to 49%
From $867 to $439
{6} 2017 JUNE 11 to 17:
From here People understood the FORK problem
because it was happen CASH FORM
Prices of BitCoin Fell nearly 36%
From $ 3000 to $1869
{7} 2017 SEP 2 TO 15:
Here China announced Exchanges Ban and whole crypto world which was flying Crashed
The Prices of Bitcoin fell almost 40%
From $5000 to $ 2972
{8} 2018 JAN 17 :
Which is recent crash almost 70 to 72% crash
Bitcoin fall from $19500 to $6000
Reason was news of South Korean Ban Exchanges
and China Regularize all Crypto Currency market
Above is the History of Bitcoin Crash- which you must remember as a Bitcoiner
Notable thing is that after any major fall Bitcoin has Created new history