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.
After rallying to nearly $20,000 in 2017, bitcoin's price plummeted and lost a third of its value in a single day, plummeting to $3,122 in 2018, wiping billions of dollars from the overall cryptocurrency market value. Although this can result in large income, it can also result in large losses.