2020Bitcoin in 2020
2 key events this year.
2020 began with the COVID crash on March 12, when bitcoin lost close to half its value in about a day. Two months later the third halving cut the block reward to 6.25 BTC. By December, with record stimulus and new corporate buyers, bitcoin was setting new highs.
Source: Bitstamp BTC/USD daily closes 2011-08-18 to 2026-10-14. Fetched Oct 14, 2026 from free public APIs. Click a dot for the event and its price on that day.
Events in 2020
- Mar 12, 2020crash
Black Thursday crash $4,842 (Bitstamp BTC/USD daily close, 2020-03-12)
Bitcoin falls by about half in a day as COVID panic hits every market. - May 11, 2020milestone
Third halving $8,572 (Bitstamp BTC/USD daily close, 2020-05-11)
At block 630,000 the reward falls from 12.5 to 6.25 BTC.
Black Thursday crash Mar 12, 2020
On March 12, 2020, as the COVID 19 pandemic spread and stock markets plunged, bitcoin had one of its worst days ever. Traders were forced out of leveraged positions on exchanges such as BitMEX, which made the drop worse. Bitcoin lost close to half its value within about 24 hours.
Third halving May 11, 2020
Bitcoin's third halving happened at block 630,000 on May 11, 2020, two months after the Black Thursday crash. The block reward dropped from 12.5 BTC to 6.25 BTC.
Updated
Sources
- Wikipedia: Economic impact of the COVID-19 pandemic
- Wikipedia: History of bitcoin
- Block 630,000 on mempool.space
- Wikipedia: Bitcoin
Facts written in our own words. Last checked Oct 14, 2026.