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Crypto crash: Memes on the rise as bitcoin tumbles

Bitcoin has now tanked by 66 percent since striking a record peak in November - the plunge leading to some hilarious memes on social media.

June 14, 2022 / 04:28 PM IST
Bitcoin tumbled to an 18-month low on Monday, sparking memes online. (Image credit: scannergr1/Twitter)

Bitcoin tumbled to an 18-month low on Monday, sparking memes online. (Image credit: scannergr1/Twitter)

Bitcoin tumbled to an 18-month low under $23,000 on Monday in a broad cryptocurrency crash. The bitcoin crash came as investors shunned risky assets in the face of a vicious global markets selloff, news agency AFP reported. The world's most popular crypto asset also took a heavy knock from news that crypto lending platform Celsius Network paused withdrawals, citing volatile conditions.

Bitcoin has now tanked by 66 percent since striking a record peak $68,991.85 last November. The cryptocurrency’s decline has led to several jokes and memes on social media. Investors were primarily the subject of these sly digs on social media, but some also tried to find solace in humour as the crypto market continued its freefall that began weeks earlier.


Take a look at some of the funniest memes on the bitcoin crash: