bitcoin price echoes 1929 Wall Street crash as crypto fears trigger mass selloff
Veteran market historian Dr. Elena Vance compared today’s sudden bitcoin price plunge to the opening days of the 1929 Great Depression crash, noting identical patterns in investor panic and margin calls. “This is not just a dip, it’s a historical re-run of the Black Thursday cycle,” she warned on social media, as bitcoin dropped 15% in two hours, wiping out over $200 billion in market cap. Crypto traders are now watching for a potential ‘Lost Decade’ style consolidation, mirroring the post-1929 bear market that lasted until 1954. “History doesn’t repeat, but it rhymes,” added Vance, as the bitcoin price tumbled below $57,000 for the first time in months.