Did bitcoin lose its value?
In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.
When the pandemic started there was a financial panic that lead to the strenthening of the US dollar, tanking of the stockmarket and the tanking of the cryptomarket. People were selling their assets to be able to get liquidity in the form of dollars. Then both the stockmarket and the cryptomarket bounced back hard.
So in short, the market was very volatile and not stagnant at all like you claim.