Black Thursday anniversary: Can crypto markets see another huge crash? By Cointelegraph

Black Thursday anniversary: Can crypto markets see another huge crash?

Cryptocurrency Mar 14, 2021 01:40PM ET

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Black Thursday anniversary: Can crypto markets see another huge crash?

It is no secret that March 12, 2020, marked one of the darkest days in crypto history. This was the day when Bitcoin (BTC) witnessed one of the largest single-day price dips in its decade-long existence, swooping from $8,000 to a staggering low of $3,600, albeit briefly, just for a matter of minutes.

To put things into perspective, within a span of just 24 hours, over $1 billion worth of BTC longs were liquidated, causing one of the most intense value drops witnessed by the digital market in its brief history. Another way to look at the crash is that during the above-stated time frame, BTC lost nearly 50% of its value, a statistic that is quite striking, to say the least.

Is another crash incoming?

Things are different this time around, really different

Safe to hold?

Continue Reading on Coin Telegraph

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US 30	31,078.0	+302.6	+0.98%
US 500	3,824.4	+39.0	+1.03%
Dow Jones	31,097.26	+321.83	+1.05%
S&P 500	3,825.33	+39.95	+1.06%
Nasdaq	11,127.84	+99.11	+0.90%
S&P 500 VIX	26.70	-2.01	-7.00%
Dollar Index	104.880	+0.416	+0.40%

Crude Oil WTI	108.46	+2.70	+2.55%
Brent Oil	111.48	+2.45	+2.25%
Natural Gas	5.620	+0.196	+3.61%
Gold	1,812.90	+5.60	+0.31%
Silver	19.823	-0.529	-2.60%
Copper	3.6138	-0.0962	-2.59%
US Soybeans	1,510.50	-48.50	-3.11%

SPDR S&P 500	381.24	+3.99	+1.06%
iShares Russell 2000	171.41	+2.05	+1.21%
Invesco QQQ Trust	282.13	+1.85	+0.66%
Direxion Daily Junior Gold Miners Bull 2X Shares	35.44	+1.98	+5.92%
iShares Silver	18.31	-0.33	-1.77%
ProShares Ultra VIX Short-Term Futures	13.99	-0.54	-3.72%
ProShares UltraPro QQQ	24.39	+0.39	+1.62%

Apple	138.93	+2.21	+1.62%
Alphabet A	2,174.75	-4.51	-0.21%
Tesla	681.79	+8.37	+1.24%
Amazon.com	109.56	+3.35	+3.15%
Netflix	179.95	+5.08	+2.90%
Meta Platforms	160.03	-1.22	-0.76%
Bank of America	31.56	+0.43	+1.38%

Black Thursday anniversary: Can crypto markets see another huge crash?

Is another crash incoming?

Things are different this time around, really different

Safe to hold?

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