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A History of Bitcoin Crashes - CointelegraphBear market No. 1: Bitcoin crash from $32 to $ in Time to retest previous high: 20 months (June �February ). The proximate cause of the bitcoin crash was a warning by China's central bank against treating bitcoins as legal tender. The price of bitcoin fell by $ on popular exchange Mt. Gox this morning after China's central bank warned financial institutions to steer.
