What were the main events or news that impacted the bitcoin price in 2018?

3 answers

• Dec 20, 2021 · 3 years ago
  In 2018, the bitcoin price experienced significant fluctuations due to various events and news. One of the major factors was the regulatory crackdown on cryptocurrency exchanges in different countries. This led to a sense of uncertainty among investors and resulted in a decline in the price of bitcoin. Additionally, the hacking incidents of major exchanges, such as Coincheck and Bithumb, also negatively impacted the market sentiment and caused a temporary drop in the bitcoin price. On the positive side, the announcement of institutional investors entering the cryptocurrency market, such as the launch of Bitcoin futures by CME Group, brought a wave of optimism and contributed to the price surge. Furthermore, the approval of cryptocurrency-related ETFs in some countries also boosted investor confidence and drove the bitcoin price up. Overall, the combination of regulatory actions, hacking incidents, and institutional adoption played a significant role in shaping the bitcoin price in 2018.
  1001501
• Dec 20, 2021 · 3 years ago
  2018 was a rollercoaster year for the bitcoin price. The market was influenced by a series of events and news that had both positive and negative impacts. One of the major events was the regulatory crackdown on cryptocurrency exchanges in countries like China and South Korea. This created fear and uncertainty among investors, leading to a decline in the bitcoin price. Another significant event was the hacking of major exchanges, which resulted in the loss of millions of dollars worth of cryptocurrencies. These incidents shook investor confidence and caused a temporary drop in the bitcoin price. On the positive side, the announcement of institutional investors entering the cryptocurrency market brought a sense of legitimacy and attracted new capital. The launch of Bitcoin futures by CME Group was a milestone in the adoption of cryptocurrencies by traditional financial institutions. This news fueled optimism and contributed to the price surge. In addition, the approval of cryptocurrency-related ETFs in some countries opened up new investment opportunities and increased demand for bitcoin. Overall, the combination of regulatory actions, hacking incidents, and institutional adoption shaped the bitcoin price in 2018.
  1231411
• Dec 20, 2021 · 3 years ago
  2018 was a wild ride for the bitcoin price, and it was influenced by various events and news throughout the year. One of the major events that impacted the market was the regulatory crackdown on cryptocurrency exchanges. Governments around the world started implementing stricter regulations, which created uncertainty and caused a decline in the bitcoin price. Additionally, the hacking incidents on major exchanges added to the negative sentiment in the market. These security breaches raised concerns about the safety of holding cryptocurrencies and led to a temporary drop in the bitcoin price. On the positive side, the entry of institutional investors into the cryptocurrency market brought a new wave of optimism. The launch of Bitcoin futures by CME Group was seen as a significant step towards mainstream adoption. This news attracted more institutional money into the market and contributed to the price surge. Furthermore, the approval of cryptocurrency-related ETFs in some countries opened up new avenues for retail investors to invest in bitcoin. Overall, the regulatory actions, hacking incidents, and institutional adoption were the main events that impacted the bitcoin price in 2018.
  1201301