It is really odd how many articles you can find saying that cryptocurrency crashed this week. There has been a lot of action that has caused a downward trend, from India regulating crypto, the the Mt Gox settlement and other factors, but, that does not mean I should see plenty of articles about crypto crashing. It is just clickbait and it is annoying. I am guessing that most of the readers are people who don''t own crypto wanting to try and feel good about themselves because Bitcoin dropped 50 points.
Well, here is a shocker, Bitcoin is up about 200 percent over the last twelve months and was at an all-time high just two weeks ago. Not exactly a crash. Let us not forget we are talking about a currency that has has given up 50 to 80 percent of its value multiple times in the last four years. Pretending like it dropping back under 60,000 is a crash is showing that you haven't been paying attention.
Here are just a couple of the articles out there:
Cryptocurrency crash: Bitcoin, Ethereum fall in value. Hindustan Times
BITCOIN, ETHEREUM and DOGECOIN Prices Crash- The Independent
Dogecoin, Bitcoin Crash Up To 20% On Domestic Exchanges. The Economic Times
Why Bitcoin, Ethereum, and Solana Are All Crashing. The Motley Fool
Feel free to call this recent drop a crash, but, it seems to show you are looking at crypto the same way you are looking at Mutual Funds or you r 401k, if you do.