Cryptocurrency Crash: Bitcoin’s Bubble Bursts

Bitcoin's wild ride has taken a sharp downturn. After reaching a record high of nearly $20,000 last December, the cryptocurrency has plunged below $4,000, wiping out billions in market value.

The crash is being fueled by increased regulatory scrutiny, concerns over the long-term viability of blockchain networks, and a collapse in the initial coin offering (ICO) market. 

Many retail investors who jumped in during the Bitcoin frenzy of 2017 are now facing massive losses.

Despite the downturn, blockchain technology is still being explored for financial and enterprise applications. But with the market in free fall, some are asking: Was Bitcoin just a bubble, or will cryptocurrencies make a comeback?