The biggest Bitcoin crashes in the last 10 years

Since its inception Bitcoin has seen plenty of ups and downs over the years.

For those unfamiliar with Bitcoin, it’s a form of digital currency invented by an unidentified programmer, which is held electronically.

Earlier this week the currency experienced a high soaring above $1,100 per coin. Commentators say the currency peaked as investors speculated the US Securities and Exchange Commission will approve a bitcoin-focused exchange-traded funds (ETF) which is being launched by Cameron Winklevoss and Tyler Winklevoss.

Bitcoin value is volatile

Bitcoin is still in its early stages and in a volatile state. The currency does not have a accepted index and shares the properties that make it similar to gold.

Another interesting fact to note is the currency is governed by a design decision made by developers of the core technology to limit its production to a fixed amount.

Below is a timeline of all the major Bitcoin crashes during the early years of this digital currency experienced by Bitcoin traders.

Investoo

© Bitcoin Trading Investoo.com