Black Thursday — COVID Crash

Bitcoin crashes 50% in two days — the fastest crash in its history.

BTC Price

$3,800

Importance

85/100

Global markets panicked over COVID-19. Bitcoin crashed from ~$7,900 to ~$3,800 in 48 hours — then recovered to new all-time highs within a year.

What else happened around this time?

Block reward drops from 12.5 BTC to 6.25 BTC at block 630,000.

Michael Saylor ignites the corporate treasury revolution.

ICE launches physically-settled Bitcoin futures.

BTC bounced sharply after the March 12 liquidity crisis bottom.