RATE Group | Experts blame Wall Street crash for Bitcoin price drop
81468
post-template-default,single,single-post,postid-81468,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Experts blame Wall Street crash for Bitcoin price drop

02 Mar Experts blame Wall Street crash for Bitcoin price drop

Posted at 12:37h in Cryptocurrency News by

[ad_1]

Global Financial Markets and Wall Street, in particular, experienced one of its worst periods when major financial markets experienced severe slump towards the end of February, with Bitcoin also included.

The S&P 500 had its quickest ever correction, with
other major indexes suffering as well. Bitcoin also shelled a lot of value, and
Michael Novogratz has blamed the fall of Bitcoin’s price to events in the
financial markets.

Major markets affected

Most major markets have had some serious slump, with S&P 500 shedding 12% since February 19th, which makes it the fastest correction in history. And the crypto market is not showing any signs of recovery after the price crash caused Bitcoin to shed about $1,000 in value within the past 24 hours.

Bitcoin Cash, Ripple, and Ethereum even had bigger losses,
as market analysts are still struggling to find the right explanation regarding
the cause of the crypto market slump.

And the continuous spread of COVID-19 (Coronavirus disease) has…

[ad_2]

Source link

Tags:
, , , , , , ,