📉 Bitcoin's First Major Crash: From $32 to $2 in 2011

In June 2011, Bitcoin faced its first true market crash, falling from around $32 to just $2 in a matter of weeks — a nearly 94% drop that shook early believers.

💻 The crash followed a major security breach on the Mt. Gox exchange, where a hacker used stolen admin credentials to manipulate BTC prices and initiate a massive sell-off.

💬 This was the first time many questioned whether Bitcoin could survive long term. But it did — and this crash taught the community hard lessons about exchange trust, security, and volatility.

🧠 In hindsight, it was just the beginning of many future cycles. Those who held on would later witness Bitcoin surpass $1,000, then $10,000, and eventually $60,000.

🏷️ #BitcoinCrash2011 #BTCHistory #MtGox #CryptoVolatility #HODL