Insights from the May 2021 ‘5/19’ Crash Announcement
In a significant regulatory response, the Three Associations released an announcement on May 18, 2021, titled “Preventing the Risk of Virtual Currency Trading Speculation.” This pivotal statement led to the notorious “5/19” market crash, severely impacting cryptocurrency valuations. On that fateful day, Bitcoin experienced a staggering decline, plummeting from $43,584 to $30,000, culminating in a … Read more