The Crypto Assets market has experienced several major shocks since its inception, each one shaking the entire industry like an earthquake. Let us review the seven most influential events that not only changed the market direction but also profoundly impacted investor psychology and the development trajectory of the industry.

1. In February 2014, the Mt.Gox exchange was hacked. This incident resulted in the theft of 850,000 coins, approximately 7% of the global total at that time. The price of Bitcoin plummeted from $800 to $100, severely damaging market confidence. This event highlighted the security vulnerabilities of early Crypto Assets exchanges and prompted security upgrades in subsequent trading platforms.

2. In September 2017, Chinese regulatory authorities halted ICOs (Initial Coin Offerings). This decision caused the price of Bitcoin to drop from around $4100 to $2800. Numerous ICO projects fell into difficulties, and the total market value of the Crypto Assets significantly shrank. This regulatory action marked the beginning of governments around the world paying attention to and intervening in the Crypto Assets market.

3. In March 2020, the global financial markets were in turmoil due to the COVID-19 pandemic. On March 12, the price of Bitcoin fell from $8,000 to $3,800, while Ethereum plummeted from $288 to $88. This sharp decline highlighted the connection between the Crypto Assets market and traditional financial markets, as well as the vulnerability during a global crisis.

4. In May 2021, China further tightened its regulation on virtual currencies. The price of Bitcoin fell from $42,000 to $29,000 in one day. About 600,000 investors were liquidated, resulting in losses of $7 billion. This event highlighted the significant impact of policy risk on the Crypto Assets market.

5. In May 2022, the Terra ecosystem collapsed. Luna coin fell from $100 to near zero, and the UST stablecoin also lost its peg. This event triggered a chain reaction, leading to the bankruptcy of multiple Crypto Assets institutions, and the price of Bitcoin briefly fell below $20,000. This crisis exposed the inherent vulnerabilities of certain Crypto Assets projects.

6. In November 2022, the FTX exchange filed for bankruptcy. As the world's second-largest Crypto Assets exchange, the collapse of FTX had a tremendous impact on the entire industry. Bitcoin prices fell to around $15,000, and market confidence was once again severely shaken. This event highlighted the importance of internal governance and regulation within the industry.

Each crisis has brought profound lessons to the Crypto Assets market, driving self-reflection and evolution within the industry. Despite these setbacks, Crypto Assets have demonstrated remarkable resilience. These events have not only shaped the development trajectory of the industry but also pointed the way for future regulation and technological innovation.