RATE Group | Bitcoin Price Down 12% Since New Year, While S&P 500 Down 28.5%
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Bitcoin Price Down 12% Since New Year, While S&P 500 Down 28.5%

22 Mar Bitcoin Price Down 12% Since New Year, While S&P 500 Down 28.5%

Posted at 21:18h in Bitcoin News by

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Bitcoin price is down 12.5%, S&P 500, Nasdaq indexes as well as companies like Berkhire Hathway has also lost significantly since the beginning of the year. Oil war adds fire to the financial crash party.

Since the year beginning, the halving hype was striking the news. Many of the industry experts issued predictions of a sharp price increase. However, even despite the halving that will make Bitcoin more scarce, coronavirus is drowning the markets. Bitcoin has gained a lot, yet lost -12.5% since January 1.

The S&P 500 index is showing a fall by -28.5%. The stock market is losing strength as the investors losing hope for a quick quarantine, and the relief from the virus. For Bitcoin bulls, the current picture must be looking very good, as the ‘store of value’ argument wasn’t in a full crash this week.

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