Bitcoin (BTC) has Gained Over 1200% A Year Since the Covid Crash of March 12,2020

It’s been exactly a year since Bitcoin (BTC) faced one of the biggest crashes in its history plummeting 50% on this very same day March 12, 2020. The COVID-19 pandemic fears sent jitters across the global stock markets as well as the crypto market.
Following it, Bitcoin (BTC) touched an hourly low of $4,130 on March 12, 2020 crashing all the way from $7,900+ levels in a single day. That day goes into the history books of Bitcoin as a Black Thursday. While some crypto critics also called it the death of Bitcoin (BTC), it has rather emerged much stronger a year later. BTC is now the first-trillion cryptocurrency and among the top-ten valued assets in the world.
Since the low levels, Bitcoin has surged a massive 1200% till now and is currently trading close to its all-time high of $58,000 levels. At press time, BTC is trading at a price of $57,041 with a market cap of $1064 billion.
Courtesy: SantimentBitcoin’s Institutional And Corporate Backing
The last year’s phenomenal Bitcoin (BTC) journey has been backed by strong institutional and corporate interest in Bitcoin picking up over the last few months. Of course, we cannot forget those retail players who have been through the thick and thin of this journey. But massive institutional and corporate capital has helped to catapult things to the next level.
Business intelligence firm MicroStrategy has been one of the key drivers in raising the institutional bar for BTC. On Friday, it announced a fresh purchase of another $15 million worth of Bitcoins. So far, …
Story continues on CoinGape

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