Bitcoin (BTC) has shown impressive growth, up nearly 2,000% from its COVID-19 lows on the fourth anniversary of its crash to $3,600.

On March 12, 2018, BTC experienced a significant drop to levels not seen again as global risk assets plummeted.

Bitcoin enthusiasts are marking four years since the COVID-19 crash, with BTC/USD now above $70,000. However, this milestone also serves as a solemn reminder of the challenging times faced in the past.

Exactly four years ago, the COVID-19 pandemic triggered a market crash, causing Bitcoin to plummet by over 50% in a single day.

As the world grappled with lockdowns and economic uncertainty, Bitcoin’s price dropped from $7,960 on March 12 to $4,830, hitting a low of $3,860 the following day, according to data from Cointelegraph Markets Pro and TradingView.

The recovery was remarkable, with Bitcoin reclaiming $10,000 just six weeks later.

According to crypto journalist Pete Rizzo, those who bought the dip have seen a 1,700% return on their investment.

Moreover, U.S. citizens who used their first stimulus check of $1,200, received in April 2020, to buy Bitcoin are now sitting on $12,930, representing a 400% increase from the original investment.

Analyst Joe Consorti highlighted that BTC balances on exchanges peaked after the March 2020 crash and have been steadily decreasing since then. This trend indicates a shift towards Bitcoin being seen as a store of value rather than just a speculative asset.

It is important to note that this article does not provide investment advice. Readers should always conduct their own research and consider the risks involved before making any financial decisions.

For more cryptocurrency news and updates, visit Global Crypto News.

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