Did Black Friday 1987 lead to any significant price fluctuations in the cryptocurrency market?

3 answers

• Jacobson LaugesenMar 07, 2022 · 3 years ago
  The Black Friday stock market crash in 1987 did not directly influence the cryptocurrency market, as cryptocurrencies did not exist at that time. Cryptocurrencies like Bitcoin were introduced much later, in 2009. However, it's worth noting that major financial events can have a ripple effect on various markets, including cryptocurrencies. So while the Black Friday crash itself may not have caused significant price fluctuations in cryptocurrencies, it's possible that the overall sentiment and economic climate resulting from the crash could have indirectly affected cryptocurrency prices.
  592

  296
• Dowd GreenwoodMay 30, 2021 · 4 years ago
  Nope, Black Friday 1987 didn't have any impact on the cryptocurrency market. Back then, people were more concerned about the stock market crash and its effects on traditional financial assets. Cryptocurrencies weren't even a thing at that time, so they were completely unaffected. It's important to remember that the cryptocurrency market operates independently from traditional markets and is influenced by different factors. So, while Black Friday 1987 was a significant event in the stock market, it had no direct impact on cryptocurrencies.
  544

  182
• cuenta uso comunFeb 08, 2022 · 4 years ago
  As an expert at BYDFi, I can confidently say that Black Friday 1987 did not lead to any significant price fluctuations in the cryptocurrency market. The cryptocurrency market was not even in existence during that time. However, it's important to note that the cryptocurrency market can be influenced by various factors, including major financial events. While Black Friday 1987 may not have directly affected cryptocurrency prices, it's possible that the overall market sentiment and economic conditions resulting from the crash could have indirectly influenced the cryptocurrency market.
  588

  147