A year ago Bitcoin fell below $4,000; since then the cryptocurrency has surged roughly fifteenfold.

Exactly one year has passed since Bitcoin fell below $4,000 amid a coronavirus-crisis-driven wave of panic across financial markets.

In the night of March 12 to 13, 2020, the crypto markets endured one of the largest collapses in history. Bitcoin’s low on the Bitstamp exchange stood at $3,858.

Ethereum also fell to below $100. Many other altcoins shed 50% or more in a single day.

On March 13, 2020, the day of the crash, former NSA and CIA employee Edward Snowden saw in the events a highly opportune moment to buy Bitcoin.

Many market commentators foretold the death of digital gold. Against the sceptics’ view, Bitcoin rose about fifteenfold over the year. On March 13, 2021, the price of the first cryptocurrency for the first time surpassed the $60,000 level, and its market capitalization reached $1.11 trillion.

A written live update from March 13, 2020 helps recall the events of that day.

“Bitcoin crash and financial markets crisis in a live broadcast: opinions, assessments, forecasts”

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