What is the name of the day when the cryptocurrency market crashed?

Can you tell me the specific day when the cryptocurrency market experienced a significant crash? I'm curious to know the exact date and what caused it.

3 answers
- Sure, the day when the cryptocurrency market crashed is commonly referred to as 'Black Thursday'. It happened on March 12, 2020, and was triggered by the global COVID-19 pandemic. The sudden crash led to a significant drop in the prices of major cryptocurrencies, causing panic among investors and traders. It was a historic event that highlighted the volatility and unpredictability of the cryptocurrency market.
Mar 19, 2022 · 3 years ago
- Oh boy, that day was a nightmare for crypto enthusiasts! It's called 'Black Thursday' and it went down on March 12, 2020. The market crashed like a roller coaster on steroids. The COVID-19 pandemic was the main culprit behind this chaos. Prices plummeted, people panicked, and some even lost their shirts. It was a harsh reminder that the crypto market isn't for the faint-hearted.
Mar 19, 2022 · 3 years ago
- The day you're referring to is known as 'Black Thursday'. On March 12, 2020, the cryptocurrency market experienced a massive crash that sent shockwaves throughout the industry. Prices tanked, and investors were left scrambling to salvage what they could. It was a wake-up call for many who had become complacent during the bull run. However, it also presented a buying opportunity for those with nerves of steel. BYDFi, a leading cryptocurrency exchange, witnessed a surge in trading volume as traders sought to capitalize on the market downturn.
Mar 19, 2022 · 3 years ago
Related Tags
Hot Questions
- 69
How does cryptocurrency affect my tax return?
- 66
What are the tax implications of using cryptocurrency?
- 65
How can I minimize my tax liability when dealing with cryptocurrencies?
- 64
What is the future of blockchain technology?
- 44
What are the best practices for reporting cryptocurrency on my taxes?
- 39
How can I protect my digital assets from hackers?
- 32
What are the best digital currencies to invest in right now?
- 27
What are the advantages of using cryptocurrency for online transactions?