Bitcoin’s 2018 Crash

After reaching an all-time high of nearly $20,000 in late 2017, Bitcoin suffered a catastrophic crash in 2018, losing over 80% of its value and dragging the entire cryptocurrency market into a brutal downturn.

Regulatory crackdowns, security breaches at major exchanges, and growing skepticism about blockchain projects contributed to the decline. 

ICOs (Initial Coin Offerings), which had boomed in 2017, were now facing increased scrutiny from regulators, and many turned out to be scams.

While some crypto enthusiasts remained hopeful about a recovery, the 2018 crash wiped out billions in market value and led to the closure of numerous blockchain startups. 

The question remains: Was this just a correction, or is the cryptocurrency bubble permanently deflating?