In late 2017 and early 2018, a dramatic rise and fall of cryptocurrencies took place and is referred to as the 2018 Cryptocurrency Crash.

Question

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The statement is true. During the period mentioned, cryptocurrencies experienced an unprecedented surge in value followed by a steep decline. The total market capitalization of cryptocurrencies fell from a peak of over $800 billion in January 2018 to under $200 billion by the end of the year.

In Late 2017 and Early 2018, a Dramatic Rise and Fall