{"id":38872,"date":"2021-03-13T16:04:36","date_gmt":"2021-03-13T14:04:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38872"},"modified":"2025-08-30T06:47:41","modified_gmt":"2025-08-30T03:47:41","slug":"a-year-ago-bitcoin-fell-below-4000-since-then-the-cryptocurrency-has-surged-roughly-fifteenfold","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/a-year-ago-bitcoin-fell-below-4000-since-then-the-cryptocurrency-has-surged-roughly-fifteenfold\/","title":{"rendered":"A year ago Bitcoin fell below $4,000; since then the cryptocurrency has surged roughly fifteenfold."},"content":{"rendered":"<p>Exactly one year has passed since Bitcoin fell below $4,000 amid a coronavirus-crisis-driven wave of panic across financial markets.<!--more--><\/p>\n<p>In the night of March 12 to 13, 2020, the crypto markets endured one of the largest collapses in history. Bitcoin&#8217;s low on the Bitstamp exchange stood at $3,858.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"533\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTC-2020-2-1024x533.png\" alt=\"A year ago Bitcoin fell below $4,000. Since then the cryptocurrency has risen about fifteenfold.\" class=\"wp-image-127863\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTC-2020-2-1024x533.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC-2020-2-300x156.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC-2020-2-768x400.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC-2020-2-1536x800.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC-2020-2.png 1569w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Bitcoin price dynamics in early 2020. Daily BTC\/USD chart from TradingView.<\/figcaption><\/figure>\n<\/div>\n<p>Ethereum also fell to below $100. Many other altcoins shed 50% or more in a single day.<\/p>\n<p>On March 13, 2020, the day of the crash, former NSA and CIA employee Edward Snowden saw in the events a highly opportune moment to buy Bitcoin.<\/p>\n<p><script async=\"\" src=\"https:\/\/telegram.org\/js\/telegram-widget.js?14\" data-telegram-post=\"forklog\/12023\" data-width=\"100%\"><\/script><\/p>\n<p>Many market commentators foretold the death of digital gold. Against the sceptics&#8217; view, Bitcoin rose about fifteenfold over the year. On March 13, 2021, the price of the first cryptocurrency for the first time <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-breaks-above-61000\">surpassed the $60,000 level<\/a>, and its market capitalization reached $1.11 trillion.<\/p>\n<p>A written live update from March 13, 2020 helps recall the events of that day.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"UnZczXOUie\"><p>&#8220;Bitcoin crash and financial markets crisis in a live broadcast: opinions, assessments, forecasts&#8221;<\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cBitcoin crash and financial markets crisis in a live broadcast: opinions, assessments, forecasts\u201d \u2014 ForkLog\" src=\"https:\/\/u1f987.com\/exclusive\/obval-bitkoina-i-krizis-na-finansovyh-rynkah-v-pryamom-efire-mneniya-otsenki-prognozy\/embed#?secret=7jjaDGzU6k#?secret=UnZczXOUie\" data-secret=\"UnZczXOUie\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exactly one year has passed since Bitcoin fell below $4,000 amid a coronavirus-crisis-driven panic across financial markets.<\/p>\n","protected":false},"author":1,"featured_media":38873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-38872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=38872"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38872\/revisions"}],"predecessor-version":[{"id":38874,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38872\/revisions\/38874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/38873"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=38872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=38872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=38872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}