cryptocurrencies (especially Bitcoin) behaved during the COVID-19
📉 March 2020 Crash
In early March 2020, Bitcoin and other cryptos were trading relatively strong (BTC was above ~$9,000).
On March 12–13, 2020, Bitcoin crashed sharply, falling ~39–58% in just a couple of days as global markets plunged due to COVID-19 panic and liquidity issues. BTC dropped as low as around $3,800–$4,000. Ethereum and other major altcoins dropped even more sharply. �
📊 This section of the chart would show a deep V-shaped drop in March 2020 — one of the steepest in crypto history.
📈 Recovery & Bull Run Through 2020
After the crash, global stimulus and increased interest helped markets rebound quickly.
By late April 2020, Bitcoin more than doubled from its lows (~$8,600).
Over the rest of the year, BTC rallied steadily, crossing $10,000+ and then $20,000. By December 2020, Bitcoin closed near $27,000–$29,000, a ~3× price increase from the start of the year. Ethereum performed even stronger (roughly +450% over the year). �Overview of Bitcoin’s 2020 Price Movements
Date
Approx BTC Price
Notes
Jan 1, 2020
~$7,700
Start of year level
Feb 2020
~$9,000–$10,000
Rising before crash
Mar 12–13, 2020
~$3,800
Major COVID-induced crash
Apr–Oct 2020
$8,000–$11,000
Recovery and sideways movement
Late 2020 (Nov–Dec)
~$20,000–$29,000