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Bitcoin has crashed more than 50% six times and one thing keeps happening
Bitcoin is sitting near $60,000, down roughly 50% from its all-time high. The headlines are familiar: institutional money is rotating out, sentiment is broken, and a growing number of voices are questioning whether this cycle is different from the ones before it. It is not. Here is what the data actually shows. In 2011, Bitcoin fell 94% from $32 to near zero after the Mt. Gox hack. The obituaries were written. It recovered to hit $1,163. From 2013 to 2015, it dropped 87%, from $1,163 all the way down to $152. This was the longest crash in Bitcoin's history, taking 48 months to fully recover. China banned financial ... (full story)
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