RATE Group | Coinbase explains why Bitcoin price fell 50 percent
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Coinbase explains why Bitcoin price fell 50 percent

31 Mar Coinbase explains why Bitcoin price fell 50 percent

Posted at 23:20h in Bitcoin News by

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Coinbase explains why Bitcoin price fell 50 percent. The cryptocurrency exchange Coinbase made an explanation as to why Bitcoin’s price fell about halfway on March 12.

The cryptocurrency exchange Coinbase has released a detailed article about Bitcoin’s 50 percent collapse on March 12 and how its users reacted to this situation .

Coinbase’s question on the subject was: Since Bitcoin is an asset that will be a safe haven in times of crisis, then why did it experience a 50 percent meltdown when all markets fell? This was the biggest loss Bitcoin has experienced in one day since 2013.

Coinbase first started by drawing a general framework of the event. Just a day ago, the World Health Organization announced that the coronavirus could be a worldly epidemic. In addition, Donald Trump introduced a travel ban between Europe and the USA, while Italy announced a curfew across the country.

According to Conibase, the fact that the global economy could not handle this heavy collapse,…

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