But to put recent downward price movements in context, bitcoin fell nearly 30% the day the SEC rejected the first bitcoin ETF application submitted by Cameron and Tyler Winklevoss in 2013. Then, there’s the bull market beginning in 2017, a year which began with the People’s Bank of China deciding to ban crypto and restricting what were then the “Big Three” exchanges, Huobi, OKCoin and BTCC.
