
风火山林|Mar 12, 2025 04:12
The cryptocurrency circle on March 12, 2020 was remembered by all participants as "312". Now, it's been five years, looking back at that Black Thursday again, it still feels very shocking!
At the beginning of 2020, the COVID-19 spread rapidly around the world. On March 12, the price of Bitcoin plummeted more than 50% from around $8000 in just one day, directly halving. The counterfeit currency is even more unbearable. The total market value of the cryptocurrency market has significantly decreased, and the wealth of countless investors has instantly shrunk.
However, it was precisely this sharp decline that became the trigger for a new bull market. Governments and central banks of various countries have taken large-scale economic stimulus measures, releasing huge amounts of liquidity. After a brief panic, Bitcoin and other mainstream digital currencies began to bottom out and rebound. Subsequently, the price of Bitcoin continued to rise, breaking people's expectations and reaching a historical high of $69000 in 2021. It then successfully broke this record in 2024, reaching a new high of $72000 and ushering in a new bull market. This is only the market for Bitcoin, and the counterfeit market is hard to describe!
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