Bitcoin Takes Tumble, Traders Fret Correlation and Next Month’s Halving

Bitcoin and ether are trending down as traditional markets closed in the red Wednesday. 

On a 24-hour basis, bitcoin (BTC) was in the red 4 percent Wednesday afternoon Eastern time and ether (ETH) was down 3 percent. Most other cryptocurrencies were off as well. 

Notable assets down in the dumps on CoinDesk’s big board include NEO (NEO) in the red 5 percent, bitcoin SV (BSV) slipping 4 percent and IOTA (IOTA), down 4 percent. All price changes are in the past 24 hours as of 20:00 UTC (4:00 p.m. EDT) Wednesday. 

In the traditional markets, Japan’s Nikkei 225 index closed down 4.5 percent. Europe’s FTSE 100 ended the day in the red 2.7 percent. In the U.S., the S&P 500 closed New York’s trading day down 4.4 percent. 

See also: As Crypto Prices Reeled in Q1, These Coins Stood Out

Traders continue to have concerns about coronavirus’ impact on the world economy, as the World Health Organization says inflections will surpass one million people causing 50,000 total deaths…