JUNE 17 IN CRYPTO HISTORY: FROM DAO HACK TO BITCOIN’S $100K SURGE
Here are some key moments in crypto history that happened on June 17:
📜 June 17, 2016 – The DAO Hack
An attacker exploited a vulnerability in The DAO, draining around 3.6 million ETH (≈ $50 million at the time) by executing a recursive call exploit. This spurred the controversial decision to hard fork Ethereum—creating Ethereum (which reversed the hack) and Ethereum Classic (preserving immutability) moneycontrol.com+12blog.switchere.com+12binance.com+12en.wikipedia.org+3en.wikipedia.org+3blog.switchere.com+3.
🧊 June 17, 2022 – Crypto Crash & Lender Issues
Bitcoin fell below $20,000 for the first time since late 2020; Ethereum dropped beneath $1,000—marking a sharp downturn reuters.com+3en.wikipedia.org+3financialexpress.com+3.
At the same time, Hong Kong-based crypto lender Babel Finance suspended withdrawals citing liquidity stress wsj.com+1en.wikipedia.org+1.
📈 June 17, Recent Years – Market Snapshots
On June 17, 2021, Bitcoin was around $38,700 with a global crypto market cap of ~ $1.6 trillion moneycontrol.com+1en.wikipedia.org+1.
June 17, 2022 snapshot shows BTC at about $20,471 and ETH around $1,086 coinmarketcap.com.
🚀 June 17, 2025 – Bitcoin Rally
Today (June 17, 2025), Bitcoin surged to approximately $108,700, alongside broad gains in altcoins like Kaspa, AltLayer, and Onyxcoin—all up over 17% amid elevated risk-on sentiment banklesstimes.com.
🗓️ What Makes June 17 Significant in Crypto:
YearEvent2016DAO hack → Ethereum split2022Major crash in prices & lender freeze2025Major rally and market rocketing to ~$109k
