Review of the Six Major Black Swan Events in the Cryptocurrency Market
February 2014 Mentougou Incident
The world's largest Bitcoin exchange MTGOX was hacked, resulting in the theft of nearly 850,000 Bitcoins, accounting for 7% of the total global Bitcoin supply, leading to an 80% drop in Bitcoin prices and a crisis of trust in the crypto market.
September 4, 2017 Incident
The crypto market experienced significant volatility, with a temporary evaporation of 80% of market capitalization, causing substantial losses for investors and highlighting the complexity of the market.
March 12, 2020 Incident
The price of Ethereum plummeted below $80, showcasing market instability, yet some remained confident in its potential.
May 19, 2021 Incident
A large number of contracts were liquidated, resulting in massive losses for many investors, further ringing alarm bells about the high risks in the crypto market.
2022 Luna Incident
Triggered a crisis in the DeFi sector, marking a turning point in the market with far-reaching effects.
2022 FTX Collapse
Led to a crisis of trust in the crypto market, severely impacting the market and making trading more cautious.
These "turbulences" have profoundly affected the cryptocurrency space; have you experienced them?
Fun Fact: Currently bullish on Elon Musk's concept Mars Dog Marvin
Those interested can leave a message in the comments #Marvin
