History's Greatest Crypto Market Recoveries

A look at the most significant 'total wipeout' scares where crypto markets staged V-shaped recoveries despite experts predicting terminal decline.

The top 3

  1. The 2020 Black Thursday Rebound: Triggered by global pandemic lockdowns, Bitcoin surged from $3,800 in March 2020 to reach a then-record high of $64,000 within 14 months.
  2. The 2023 Banking Crisis Rally: Following the collapse of three major US banks, Bitcoin decoupled from equity markets, rallying 40% in two weeks as a 'digital gold' play.
  3. The 2021 Regulatory Mining Ban: After a massive crackdown halved global hash rate overnight, the network successfully migrated and returned to all-time highs within just six months.

Sources

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