All
Contribute!
BlockchainCrypto MarketCryptocurrency

Bitcoin drawdowns vs other assets – Amazon with the largest drawdown of 95%

CoinSurges
By CoinSurges

Share This Post

Quick Take

  • Bitcoin (BTC) is currently experiencing a drawdown of 69% from its all-time high. The collapse of FTX brought BTC to a 76% drawdown in terms of market cap back in November 2022.
  • However, BTC is not an outlier regarding vast and repetitive drawdowns — the same can be seen with Apple and Amazon.
  • Amazon experienced multiple 80% and 90% drawdowns in early 2000, which saw a peak drawdown of 95.12% back in 2001.
  • Apple has experienced 80%+ drawdowns on multiple occasions for over 20 years. The first 80% drawdown was back in 1985 and experienced a similar drawdown after the 2000 tech boom.
BTCUSD: Source: (TradingView)
BTCUSD: Source: (TradingView)
Amazon Share Price: (Source: TradingView)
Amazon Share Price: (Source: TradingView)
Apple Share Price: (Source: TradingView)
Apple Share Price: (Source: TradingView)

The post Bitcoin drawdowns vs other assets – Amazon with the largest drawdown of 95% appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

PNUT Climbs 200% For Fresh ATH After Elon Musk Tweet – Details

Peanut the Squirrel has rapidly gained prominence in the cryptocurrency sector, establishing itself as a leading memecoin on the Solana blockchain Within a 24-hours span, PNUT surged almost 200% to

US State Introduces Bill to Establish Bitcoin Reserves in Treasury Funds

A Pennsylvania lawmaker has introduced a bill allowing state funds to invest in bitcoin as a hedge against inflation, aiming to strengthen financial stability Bill Introduced in Pennsylvania to Build

Bitcoin miners transferred over $4 billion in Bitcoin to exchanges as price hit $90,000

Bitcoin miners have moved more than 45,000 BTC to exchanges since Nov 12 as the top crypto’s price surged past $90,000 CryptoQuant data shows that on Nov 12, miners offloaded around 24,138 BTC

XRP Price Rockets Upward: Bulls Poised for More Gains

XRP price is up over 15% and moving higher above the $0740 support zone The price could accelerate higher if it clears the $08450 resistance zone XRP price started a strong increase above the $0720

Cardano On The Table: Trump Reportedly Plans A New Blockchain-Based Federal Voting System

Speculation is growing around a potential new voting system for the US that could use blockchain technology, with the Cardano (ADA) and Hedera (HBAR) protocols reportedly at the forefront of this

Crypto vs SEC : 18 States Join Forces Against SEC Crypto Regulations

The post Crypto vs SEC : 18 States Join Forces Against SEC Crypto Regulations appeared first on Coinpedia Fintech News Eighteen US states have teamed up in a bold lawsuit against the SEC They aim to
Previous article
CryptoSlate Daily wMarket Update: Bitcoin dumps to $23,800 after brief rally above $25,000
Next article
‘Communist Bitcoiners’ exposed by Ordinals as control freaks

Categories:

Hot right now:

Company:

Follow on:

Crypto Coin Live Stats

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.