Bitcoin has surpassed $ 6,000 for the first time since worldwide financial chaos on March 12. The largest cryptocurrency has been separated from the US stock markets, which are recovering at least for now.
Bitcoin was keeping a close eye on US markets collapsing due to panic caused by the new coronavirus (COVID-19) outbreak. Since then, Bitcoin’s price was above $ 8,000. With the flash collapse that started on March 12, Bitcoin fell more than 50 percent and fell to $ 3,600.
At the time of writing, the largest crypto currency gained 20.75 percent compared to yesterday, and is trading at $ 6,257.
Both the Dow Jones Exchange Industry Index and S&P 500 rose between 1 and 2 percent after the world central banks implemented emergency measures to combat coronavirus.
Flex Yang, co-founder and CEO of Asian-based crypto financial services company Babel Finance, said, “As of March 12, Bitcoin price was tied to the US stock exchanges. However, as of March 18, they began to decompose. I feel that Bitcoin’s US stocks are coming out of the liquidity crisis. ” found the assessment.
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