“312” Fifth Anniversary: Revisiting the Darkest Moments in the Crypto Market, Did That Crash Lead to the New Bull Market?

Today, the crypto market celebrates the fifth anniversary of “312”. On March 12, 2020, that unforgettable Black Thursday still sends shivers down the spine of all investors who experienced it.

Looking Back at “312” — The Moment of Market Crash

📉 Plummeting 50%: Bitcoin crashed from around $8,000, halving its value in a single day, hitting a low of $3,800.

📉 Altcoins in Turmoil: Major coins such as Ethereum and XRP suffered devastating losses, with the total market capitalization evaporating by hundreds of billions of dollars.

📉 Panic Spreading: Countless margin accounts were liquidated, and deleveraging caused the market to plunge into panic.

From Despair to Rebirth: Did That Crash Bring About a Bull Market?

However, it was the crash of “312” that marked the beginning of the next bull market for Bitcoin.

🔹 Global Economic Stimulus Plans: Governments around the world launched massive monetary policies, with the Federal Reserve initiating unlimited quantitative easing, significantly increasing market liquidity.

🔹 BTC Rebounded from the Bottom: After a brief panic, Bitcoin steadily recovered, climbing from the 2020 low of $3,800 to a historic high of $69,000 in 2021.

🔹 New Highs in 2024: BTC reached $72,000, once again surpassing market expectations and initiating another bull market.

Five Years Later: Why Are Altcoins “Running Alongside”?

Although Bitcoin has been on a strong upward trajectory, altcoins have faced a tumultuous fate — Bitcoin continues to shine, while altcoins struggle to keep pace, with many altcoins still far from breaking through their 2021 highs.

“312” is a watershed moment in the crypto market; five years later, as we look back, the market landscape has fundamentally changed.

Did you experience 312 back then? Is your BTC still around? Feel free to share your story in the comments!