The cryptocurrency asset class is no stranger to bear markets. Although the burgeoning investment category has had its fair share of corrections in its short history, the crypto winter currently gripping the market is unlike any other. 

Cryptocurrency got its start when Bitcoin (CRYPTO: BTC) was created in 2009. Since then, the market has evolved from just one cryptocurrency to a smorgasbord of tokens, stablecoins, smart contract platforms, and much more. From their humble beginnings, cryptocurrencies have often shed more than two-thirds of their value during each downturn.

In 2014, the asset class went through one of its first corrections. Its collective market cap reached a new high just shy of $16 billion in December 2013.

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Source Fool.com