Home / Market / Stock-market-news / How bitcoin crash compares to history’s biggest bubbles

How bitcoin crash compares to history’s biggest bubbles

After an almost 60-fold increase in three years to nearly $20,000, bitcoin has now tumbled more than 75% from its peak.

1 min read . Updated: 21 Nov 2018, 08:22 PM IST Eric Lam & Mathieu Benhamou, Bloomberg

Bitcoin has tumbled 75% from its peak of nearly $20,000 in January this year. That compares to Nasdaq's 78% peak-to-trough decline after the dot-com bubble burst in 2000

Hong Kong/New York: Bitcoin’s latest plunge gives investors reason to weigh how it compares with some of history’s greatest asset bubbles. After an almost 60-fold increase in three years to nearly $20,000, the world’s biggest digital coin has now tumbled more than 75% from its peak, according to data compiled by Bloomberg. By comparison, the Nasdaq Composite Index posted a 78% peak-to-trough decline after the dot-com bubble burst in 2000.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

More Less

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.