Black Wednesday - Bitcoin Crashes to $30,000
Bitcoin's price crashed to as low as $30,000, a drop of over 50% from its April all-time high.
Bitcoin's price crashed to as low as $30,000, a drop of over 50% from its April all-time high.
The price move is included because it marked a historically distinctive level or dislocation in Bitcoin’s 2021 market cycle. It is not used as a substitute for the institutional, regulatory or technical events that helped shape market expectations around it.
Placed in the broader 2021 chronology, the event helps show how Bitcoin was simultaneously becoming a subject of institutional finance, public policy, technology development and mass culture. Its inclusion reflects the specific historical development described above rather than a claim that every related market reaction was caused by this event alone.