Crypto Winter 2022
About Crypto Winter 2022
A massive collapse in cryptocurrency prices in 2022. Bitcoin fell from 69,000 in November 2021 to 16,000 by November 2022. Terra Luna, once a top 10 cryptocurrency, went to zero, wiping out 60 billion. Celsius Network, Voyager Digital, and BlockFi went bankrupt. The total crypto market cap fell from 3 trillion to under 1 trillion. The crash exposed overleveraged players and fraud. Three Arrows Capital, a major crypto hedge fund, defaulted. The crypto winter devastated retail investors and raised questions about the future of cryptocurrencies. Bitcoin eventually recovered, reaching new all time highs in 2024.
Related Events
Panic of 1901
A stock market crash triggered by the fight for control of the Northern Pacific Railway between E H ...
Wall Street Crash of 1929
The most devastating stock market crash in American history. After a decade of speculation known as ...
Black Monday 1987
The largest one day percentage decline in stock market history. On October 19, 1987, the Dow Jones f...