Crypto Crash Anniversary: Bitcoin Below $4,000, 50%-70% Drop, 1,700% Rally Since

On the four-year anniversary of the cryptocurrency market's most significant crash, reflections on the event reveal a dramatic downturn that occurred on March 12, 2020. On this day, major cryptocurrencies including Bitcoin and Ethereum, along with other altcoins, plummeted by 50%-70% in value. The crash, which saw Bitcoin fall below $4,000, resulted in a 50% decrease in its value in just one day, and specifically, Bitcoin's price crashed -40% in a single day of trading. This marked one of the worst days in crypto history, as Bitcoin broke 6k support and dropped to almost 3k. Despite the initial fear and speculation among investors that values could drop to zero, those who purchased cryptocurrencies during the dip have seen substantial returns. Specifically, Bitcoin buyers have experienced a 1,700% increase in value since the crash.