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Big plunge today ~10% but not extraordinary by any measure: this has occurred at least 54 times since 2015.

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by COINS NEWS 128 Views

Big plunge today ~10% but not extraordinary by any measure: this has occurred at least 54 times since 2015.

As you all know the CPI numbers came up higher than expected today and the market took a huge haircut. As of the price right now its off 10% in the last 24 hours. I was curious and wanted to find out how many times has this occurred for bitcoin. I used bitcoin because most if not all coins follows its trend, including Ethereum.

After tabulation since 2015 this has occurred 54 times.

Yearly this is how it looks like. worse year was 2018

Year Freq
2015 7
2016 4
2017 10
2018 14
2019 5
2020 2
2021 6
2022 6

Monthly,

Month Freq
01 14
02 4
03 6
05 3
06 10
07 3
08 3
09 5
11 4
12 2

https://preview.redd.it/vuv5hoxs5qn91.png?1097&format=png&auto=webp&s=8fbf80dd3921bf8707951197922b1e6df8619c7f

TLDR; if you think today its bad, it is one of many times this has occurred since 2015 about 54 times.

submitted by /u/greenappletree
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