What impact did the Black Monday 1987 have on the cryptocurrency market?

3 answers

• Kovid KavishOct 20, 2020 · 5 years ago
  The Black Monday crash in 1987 had no direct impact on the cryptocurrency market as cryptocurrencies did not exist at that time. Bitcoin, the first cryptocurrency, was created in 2009, more than two decades after the Black Monday crash. However, the crash did have a significant impact on the traditional financial markets, leading to increased regulation and the implementation of circuit breakers to prevent extreme market volatility. These developments in the traditional financial markets may have indirectly influenced the cryptocurrency market in the future.
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• Jistel KmbngNov 01, 2022 · 3 years ago
  Well, let me tell you, the Black Monday crash in 1987 was a major event in the financial world. It caused a massive drop in stock prices and led to panic selling. But here's the thing, cryptocurrencies didn't even exist back then. So, the impact on the cryptocurrency market was zero. Nada. Zilch. However, the crash did have a ripple effect on the overall financial industry. It led to stricter regulations and measures to prevent such crashes in the future. So, indirectly, it might have influenced the cryptocurrency market in terms of increased scrutiny and regulation.
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• Lakki nutrition CentreMar 23, 2023 · 2 years ago
  Although the Black Monday crash in 1987 did not directly impact the cryptocurrency market, it did have a profound effect on the traditional financial markets. The crash exposed the vulnerabilities of the stock market and led to the implementation of various measures to prevent similar crashes in the future. These measures, such as circuit breakers and increased regulation, have had a lasting impact on the financial industry as a whole. While the cryptocurrency market operates independently from traditional markets, it is not immune to external factors. Therefore, the lessons learned from the Black Monday crash may have indirectly influenced the cryptocurrency market by promoting stability and investor confidence.
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