🧩 Historical Analysis of Cryptocurrency Crashes

📍 1. Crash of 2013 – (Mt.Gox Bubble)

Reasons:

The rise of Bitcoin from less than 15$ to 1,100$ due to the entry of new speculators.

The Mt.Gox platform (which controlled 70% of Bitcoin trading) was hacked and 850,000 BTC were lost.

Result:

The price crashed from 1,100$ to $200.

Loss of investor confidence for the first time significantly.