Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoins-striking-surge-from-covid-19-crash-to-record-highs" rel="noopener noreferrer nofollow">Bitcoin’s Striking Surge from COVID-19 Crash to Record Highs</a><br></p>
<p style="text-align: justify">On the anniversary of <a href="https://en.bitcoinhaber.net/bitcoins-surge-fueled-by-public-mining-firms-and-ordinals-protocol" rel="noopener noreferrer nofollow">Bitcoin</a>‘s plummet to $3,600 during the COVID-19 market crash, the <a href="https://en.bitcoinhaber.net/unveiling-the-minds-of-crypto-investors-insights-from-hong-kong-studies" rel="noopener noreferrer nofollow">cryptocurrency</a> has soared approximately 2000% beyond its lowest point at that time. March 12, 2018, marked the beginning of a significant price retreat for Bitcoin and other risk assets around the globe. While the <a href="https://en.bitcoinhaber.net/investor-jim-rogers-weighs-in-on-bitcoins-role-in-global-finance" rel="noopener noreferrer nofollow">BTC</a>/USD pair later soared past $70,000, investors reflect on the past turbulence and the subsequent recovery.</p>
<h2 id="bitcoin-s-resilience-post-pandemic-dip">Bitcoin’s Resilience Post-Pandemic Dip</h2>
<p style="text-align: justify">Four years prior, Bitcoin experienced a drastic decline exceeding 50% in just one day amidst a worldwide market slump, fueled by pandemic-induced economic fears. With the outbreak triggering severe restrictions, financial markets plummeted. From a pre-crash price of $7,960, Bitcoin tumbled to $3,860 before closing at $4,830. However, it rebounded remarkably, recapturing the $10,000 mark in only a month and a half.</p>
<h2 id="stimulus-checks-to-bitcoin-wealth">Stimulus Checks to Bitcoin Wealth</h2>
<p style="text-align: justify">In an interesting twist, individuals who invested their first $1,200 U.S. stimulus checks in Bitcoin witnessed their holdings escalate to $12,930. Similarly, the initial stimulus sum of $3,200 appreciated by 400%. Additionally, cryptocurrency balances on exchanges peaked post-crash but have since been on a declining trend, suggesting a shift in investment preferences.</p>
<p style="text-align: justify">Analyst Joe Consorti highlighted that the overall balance of Bitcoin on exchanges reached its zenith after the March 2020 downturn but has endured a consistent decrease. This suggests a transformative shift in investor sentiment, with many moving from traditional tech stocks to what some call ‘freedom money.’</p>
<p style="text-align: justify">Despite past volatility, Bitcoin’s journey from a stark crash to a triumphant rise exemplifies its resilience and growing acceptance as an investment asset, offering a silver lining to those who endured the market’s lows and capitalized on its highs.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoins-striking-surge-from-covid-19-crash-to-record-highs" rel="noopener noreferrer nofollow">Bitcoin’s Striking Surge from COVID-19 Crash to Record Highs</a></h5>

Bitcoin’s Striking Surge from COVID-19 Crash to Record Highs

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