2018 cryptocurrency crash

The 2018 cryptocurrency crash (also known as the Bitcoin crash and the Great crypto crash) was the sell-off of most cryptocurrencies from January 2018. After an unprecedented boom in 2017, the price of Bitcoin fell by about 65 percent during the month from 6 January to 6 February 2018. Subsequently, nearly all other cryptocurrencies also peaked from December 2017 through January 2018, and then followed Bitcoin. By September 2018, cryptocurrencies collapsed 80% from their peak in January 2018, making the 2018 cryptocurrency crash worse than the 78% collapse (albeit with a vastly smaller amount of money invested).
Background
The price of Bitcoin in 2017 had grown by about 2,700%, and, in the same year, some cryptocurrencies had achieved far higher growth than Bitcoin. Bitcoin set a record high of $19,891 on 17 December.
*22 December 2017: Bitcoin fell below $11,000, a fall of 45% from its peak.
*6 January 2018: Bitcoin sets a lower high of $17,252 on Bitfinex.
*12 January 2018: Amidst rumors that South Korea could be preparing to ban trading in cryptocurrency, the price of bitcoin depreciated by 12 percent.
*16 January 2018: Bitconnect announced it would shut down its cryptocurrency exchange and lending operation after regulators from Texas and North Carolina issued a cease and desist order against it as it was suspected of being fraudulent. Bitconnect loses 92 percent of its value within days.
*26 January 2018: Coincheck, Japan's largest cryptocurrency OTC market, was hacked. 530 million US dollars of the NEM were stolen by the hacker, and the loss was the largest ever by an incident of theft, which caused Coincheck to indefinitely suspend trading.
*26 January 2018 to 6 February 2018: the price of Bitcoin halved, and reached 6,000 US dollars. Additional negative news for the cryptocurrency market continued in the first quarter of 2018. The price remained low though the level slightly recovered in the first quarter of 2018.
*7 March 2018: Compromised Binance API keys were used to execute irregular trades.
*Late March 2018: Facebook, Google, and Twitter banned advertisements for initial coin offerings (ICO) and token sales.
*15 November 2018: Bitcoin's market capitalization fell below $100 billion for the first time since October 2017 and the price of Bitcoin fell to $5,500.
*26 November 2018: Bitcoin falls below $4000, having lost almost one-third of its value in the previous week.<ref name="WSJ26November2018" />

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