The sudden crash of cryptocurrency prices in early 2018 is one of the most significant events in the short history of the asset class. There were multiple factors at play, including fundamental concerns about the technology and market forces that caused investors to re-evaluate their expectations of cryptocurrencies. In this essay, I will break down the various factors that caused the crash and why they had such a significant impact. One of the fundamental reasons for the cryptocurrency crash can be traced to a lack of regulatory clarity. The...