Recently, Insidebitcoins prepared a detailed infographic on the cryptocurrency market over the past year, entitled "Year of Crypto-Destruction: 2018". It analyzed last year’s figures and reflected the most important events of the cryptocurrency world, writes Cryptovibes .
If in 2019 you are still “in the game,” then you probably know that in 2018, cryptocurrency prices have dropped from unprecedented highs to catastrophic lows. Starting the year with almost $ 20,000, by the end of the year, the price of bitcoin had fallen to $ 3,200.
Such a collapse caused many reasons, this is the youth of the market, the high speculative activity of traders, and the SEC’s opposition to fraudulent and other ICO projects also affected; even the ban on advertising cryptocurrency on Facebook, Twitter and Google had an impact.
In addition, hackers broke into cryptocurrency exchanges and stole funds, China went the furthest and imposed severe restrictions on local cryptocurrency companies and banned the circulation of cryptocurrency in the country. In response to these and other events, prices for cryptocurrency declined and decreased.
Publication date 02.02.2019
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