312 i he coex of he crypocurrecy marke ofe refers o he 312 crash\\a sigifica eve i he hisory ofBicoi ad oher crypocurrecies. O March 12，2020,here was a sharp declie i he price of Bicoi ad may oher crypocurrecies i a maer of hours,due ocombiaio of facors icludig global marke volailiy caused by he COVID19 pademic ad he poeial floodigof he markewih Bicoi from a derivaives marke。
This eve is cosidered sigifica because i was oe of he mos dramaic ad seep price drops i he hisory ofhe crypocurrecymarke,affecig ojus Bicoi bu various oher alcois as well. I highlighed he highvolailiy ad risk associaed wih ivesig Icrypocurrecies ad drew aeio o he imporace of risk maageme i我是he marke。
The erm \\“312\\”is ow ofe used i he crypo commuiy as referece o his eve,someimes i he coex ofpredicig or discussig poeial price drops i he fuure。
