When did the cryptocurrency bubble burst?

3 answers

• Mar 17, 2022 · 3 years ago
  The cryptocurrency bubble burst in late 2017 and early 2018. It was triggered by a combination of factors, including regulatory crackdowns, investor speculation, and the bursting of the initial coin offering (ICO) bubble. The market experienced a rapid decline in prices, with many cryptocurrencies losing a significant portion of their value. This burst led to a period of consolidation and a more cautious approach to investing in cryptocurrencies.
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• Mar 17, 2022 · 3 years ago
  The cryptocurrency bubble burst in 2017 when Bitcoin, the leading cryptocurrency, reached its all-time high of nearly $20,000 and then experienced a sharp decline. This decline was followed by a broader market crash, affecting other cryptocurrencies as well. The burst was caused by a combination of factors, including regulatory concerns, market manipulation, and a realization that many projects in the crypto space were overhyped and lacked substance.
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• Mar 17, 2022 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, the cryptocurrency bubble burst in early 2018. This was a result of the market reaching unsustainable levels of speculation and hype. The burst was a necessary correction that brought the market back to a more realistic valuation. Since then, the cryptocurrency market has matured, with more focus on fundamental analysis and long-term value.
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