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Bitcoin price collapsed 17% below $ 6,000 in a panic called "Corona virus"

    Bitcoin price is facing an opportunity to break a chain of 3 consecutive months of decline in November

    Bitcoin (BTC) crashed sharply on March 12 when the first digital currency witnessed a drop below $ 6,000 since May 2019.

    Overview of the daily cryptocurrency market. Source: Coin360
    Overview of the daily cryptocurrency market. Source: Coin360

    Data from Coin360 and Cointelegraph Markets shows that Thursday was a very bad day for Bitcoin traders and investors, the BTC / USD pair touched a low of $ 6,000.

    The strong sell-off over the last few days lasted until Thursday, with a 24-hour loss amounting to more than 20% on some major exchanges.

    1-day chart of Bitcoin price. According to Coin360
    1-day chart of Bitcoin price. According to Coin360

    “And that looks like a surrender to me,” wrote businessman Alistair Milne Twitter.

    As previously reported, the CEO of the BitMEX derivatives exchange, Arthur Hayes, believes that Bitcoin's bottom is likely to be at $ 6,000 before rising to $ 20,000.

    Following Bitcoin, the entire altcoin continues to record heavy losses on a large scale, as the cryptocurrency moves step by step with panic in traditional markets through measures against the U.S.-issued corona virus. onions.

    Readers can update BTC rates and more than 2,000+ cryptocurrencies in real time here.

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    According to CoinTelegraph
    Translated by ToiYeuBitcoin

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