How much did the value of Bitcoin drop in 2018?

3 answers

• Elber .com1234 SanchezJul 12, 2023 · 2 years ago
  In 2018, the value of Bitcoin experienced a significant drop. The price went from around $13,880 in January to approximately $3,200 in December. This represents a decline of about 77%. The drop was primarily attributed to various factors, including regulatory concerns, market manipulation, and a general decline in investor confidence. It was a challenging year for Bitcoin investors, but it's important to note that the cryptocurrency has shown resilience and has since recovered from this drop.
  497

  249
• ANIKET ANANDJan 20, 2021 · 4 years ago
  2018 was a tough year for Bitcoin hodlers. The value of Bitcoin plummeted by around 77% during that year. It was a rollercoaster ride, with the price starting at nearly $14,000 and ending at around $3,200. The drop was mainly due to increased regulatory scrutiny and negative sentiment in the market. However, it's worth mentioning that Bitcoin has a history of bouncing back, and many believe that the drop in 2018 was just a temporary setback.
  445

  149
• EsmundFeb 26, 2024 · a year ago
  The value of Bitcoin took a nosedive in 2018, with prices dropping by approximately 77%. From a high of around $13,880 in January, Bitcoin's value fell to about $3,200 in December. This significant drop was primarily driven by regulatory concerns and a general bearish sentiment in the cryptocurrency market. However, it's important to note that Bitcoin has a history of volatility, and such drops are not uncommon. Despite the decline, Bitcoin has managed to regain some of its value in subsequent years.
  505

  127