How bitcoin crash compares to history’s biggest bubbles
1 min read . Updated: 21 Nov 2018, 08:22 PM ISTBitcoin 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.
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