Where does this 28% Bitcoin price drop rank in history? Not even in the top 5

Cointelegraph

Published Jan 12, 2021 05:30AM ET

Updated Jan 12, 2021 07:00AM ET

Bitcoin (BTC) may have dipped 28% in recent days but analysts have already put the scale of the losses firmly in context.

As noted on Jan.12 by Nathaniel Whittemore, host of The Breakdown Podcast, the period between 2016 and 2017 alone saw a grand total of six corrections that were larger than this week's drawdown.

BTC/USD corrections during 2016 and 2017. Source: Nathaniel Whittemore/ Twitter
Bitcoin price drawdown comparative data. Source: Ecoinometrics/ Twitter

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