Bitcoin has crashed in value by more than 50 per cent in the past six months, but holders of the cryptocurrency are used to volatility. Here we look at how the FT covered bitcoin’s previous booms and busts to see if history is repeating itself.
The Japanese boom and bust (April 2017 to March 2018)
Before 2017, bitcoin traded at under $1,000. But on New Year’s Day 2017 the cryptocurrency broke past the $1,000 level and before the end of the year it had soared to within touching distance of $20,000.
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