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March 25th, 2020 (-15.95% difficulty adjustment) Now things | LibreCharts

March 25th, 2020 (-15.95% difficulty adjustment)

Now things get really interesting because this was coming off of the worst week we've ever seen in the markets...ever (numerically, worst than the worst days of the Great Depression...which is saying something).

Dow Jones hit a limit down off of the opening on March 16th, before re-opening and closing down -2900 points...even after the Federal Reserve announced zero reserve requirement + no interest rate + Congress' multi-trillion dollar bailout plan ... and to make things crazier, the Fed actually released some of that news right before the open that day - and it still didn't matter.

Regardless, Bitcoin's ensuing price action following this massive negative difficulty adjustment was >45% in about 1.5 months (price initially drewdown a meager -14% before quickly bouncing & sprinting)