A Panoramic Review of Bitcoin 2020

At the beginning of 2020, affected by the "COVID" pandemic, BTC's resonance with global financial markets intensified, and it could not escape the crash. On March 12, the coin price fell below $5,000, nearly halving. This coincided with the eve of Bitcoin network's third halving, and the sluggish coin price and continuously rising hash rate reduced miners' "halving expectations." Subsequently, DeFi liquidity mining emerged, BTC remained lukewarm, hovering around the $10,000 mark.