Bitcoin (BTC) joined equities in taking a beating over the past few days as the coronavirus outbreak became a global problem. The latest developments, namely the widespread nature of infections, have pushed market participants to shed risky investments while gold has been appreciating.
The recent Bitcoin slump has come as a major blow to the crypto market, which was expecting a rally since the leading digital currency was attempting to tackle the key $10,000 price level. However, since February 24, 2020, BTC continued to drop to new lows daily, falling from $10,000 to under $8,500.
Bitcoin Price Tests 150-Day Moving Average Support; Can it Bounce Back?
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.