Bitcoin (BTC) fell below $ 6,000 for the first time since May 2019, suffering huge depreciation. The data summed up the terrible day for Bitcoin investors. Sales intensified throughout the day, and 24-hour losses reached 20 percent in some exchanges.
It is stated that this depreciation is related to the coronavirus outbreak. Bitcoin, which experienced a night decline after Trump’s travel announcements, continued this decline sharply. Bitcoin fell to $ 5,600 in a few hours. This level was last seen in May 2019.
This decline also caused the price differences between exchanges to increase. Various analysts, including BitMEX CEO Arthur Hayes, believe that the possible base of Bitcoin is $ 6,000. As cryptocurrencies step by step through panic in traditional markets on coronavirus measures enacted by the United States, altcoins continue to see heavy losses.
According to CoinMarketCap data, at the time of writing Bitcoin, it was 6 thousand 95 dollars.
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