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6 years ago, and especially during the market crash at the beginning of the Covid-19 pandemic in 2020, Bitcoin witnessed one of the most violent shocks in its history.
The price fell from $8,200 to less than $4,700 in almost a day, a drop of approximately 50%.
In less than a week, the currency fell from $9,000 to $3,720, a drop of approximately 60%.
At the time, many were once again declaring Bitcoin dead, especially as Bitcoin’s extreme volatility led some to question its ability to serve as a safe haven.
But what happened next was completely different.
By January 2021, prices had increased more than 10 times from their COVID-19 lows and continued to rise, reaching $69,000 in 2021.
At the end of 2025, it reached a new high of over $126,000.
Although the price of Bitcoin has now fallen to around $70,000, it is still up more than 3,300% from the lows during the COVID-19 crisis.
Today, with the currency trading around 50% below its all-time high set in October 2025, the same controversy is back:
Is Bitcoin doomed?
These problems are not new; they recur in nearly every economic downturn.
Although 2025 ended with an annual loss and five consecutive months of declines, history shows that Bitcoin tends to come back strongly after periods of decline.
Also read:
The digital currency TAO surged by more than 12%, and the price of Bitcoin approached US$72,000
Cryptocurrency derivatives boom as institutions turn to hedging Bitcoin positions
