RATE Group | Coronavirus hits Bitcoin even harder than stocks
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Coronavirus hits Bitcoin even harder than stocks

13 Mar Coronavirus hits Bitcoin even harder than stocks

Posted at 22:54h in Cryptocurrency News by

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Coronavirus hits Bitcoin even harder than stocks: Cryptocurrency collapses 40% in largest daily drop in seven years

  • Bitcoin suffered its worst daily loss in seven years on Thursday, dropping 40%
  • The cryptocurrency recovered some but is still down 60% since Saturday
  • Viewed by some as a safe-haven, Bitcoin instead moved with the markets
  • Thursday was Wall Street’s worst trading day since Black Monday in 1987 
  • Coronavirus symptoms: what are they and should you see a doctor?

By Keith Griffith For Dailymail.com and Reuters

Published: | Updated:

Bitcoin enthusiasts have been left baffled and discouraged as the coronavirus pandemic appears to have hit the cryptocurrency even harder than the stock market.

The cryptocurrency plunged as much as 40 percent on Thursday to around $3,850, its lowest level since March last year and the biggest one-day drop in seven years.

It came on the same day that Wall Street faced its worst day of…

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