At its lowest price observed ($ 3,932), Bitcoin posted losses of about 49% from its price of ~ $ 7,700 at the start of the day. The digital coin was also exchanged at its lowest level in almost a year.
At the time of posting of this ticket, the Bitcoin (BTC) price has since rebounded and is now moving around $ 5,120. The market capitalization, the total value of the entire cryptocurrency market, is today less than $ 150 billion.
The collapse in prices is occurring in a context of wider liquidation on traditional stock markets. The epidemic of Covid-19 coronavirus, reclassified as pandemic by WHO, is progressing all around the planet and worries investors.
For Asim Ahmad, founding partner of the specialized London investment fund Eterna Capital, this decrease represents an opportunity, in the long term, to acquire tokens at attractive prices.
In the short term, we expect the price of Bitcoin follows market sentiment driven by monetary and fiscal policies in response to developments in the Covid-19“, He warns.
The cryptocurrency market could thus continue to fall depending on the impact of the virus on the global economy and the next government action.
Mining on RTX 3070. Overclocking, tuning, profitability, consumption: If you are interested in finding more…
Mining with GTX 1660, 1660 Ti, 1660 Super. Overclocking, settings, consumption, profitability, comparisons - If…
Mining with RTX 2070 and 2070 Super. Overclocking, profitability, consumption, comparison What the RTX 2070…
Mining with RTX 3060, 3060 Ti. Limitations, overclocking, settings, consumption, profitability, comparison Let's look at…
Alphacool Eisblock Aurora Acryl GPX-A (2022) with Sapphire Radeon RX 6950 XT Nitro+ Pure in…
In the ever-evolving landscape of business strategy, Bitcoin has emerged as a pivotal asset. With…
This website uses cookies.