RATE Group | Bitcoin price latest: Cryptocurrency plunges 25 percent in 24 hours hitting 10-month low…
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Bitcoin price latest: Cryptocurrency plunges 25 percent in 24 hours hitting 10-month low…

13 Mar Bitcoin price latest: Cryptocurrency plunges 25 percent in 24 hours hitting 10-month low…

Posted at 00:25h in Cryptocurrency News by

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Bitcoin has crashed to its lowest level since 2019 with the cryptocurrency market struggling – as some analysts blame the coronavirus crisis. At the time of writing, just after 12.30pm on Thursday 12 March, Bitcoin’s price is $6,038.29 – down 23.19% in the past 24 hours. According to coindesk, the cryptocurrency fell to its lowest point of$5,678.14, just before midday in the UK.

It comes after Bitcoin saw a high of $7,984.60 in the past 24 hours.

According to coindesk, the fall sees Bitcoin hit its lowest level since May 2019 – and represents a 25 percent drop in the past day – despite slightly recovering after hitting its lowest level.

Markets across the globe have been impacted this week due to government decisions reacting to the deadly coronavirus.

Jamie Farquhar, portfolio manager at London-based crypto firm NKB, said: “We’ve seen de-risking across all asset markets. Bitcoin is certainly not immune to that.”

On Wednesday night, President Trump took drastic action shutting off…

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