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Bitcoin Has Crashed—Now What?

From forbes.com

Bitcoin, along with the wider cryptocurrency market, has crashed—dashing hopes the digital token had begun performing as a so-called safe haven asset. The bitcoin price is down some 10% over the last three days with many major cryptocurrencies, including ethereum, Ripple's XRP, litecoin, and bitcoin cash, recording even heavier loses. The price of bitcoin fell to lows of $8,520 per bitcoin on the Luxembourg-based Bitstamp exchange yesterday evening after touching $10,000 just last week. Bitcoin and the wider cryptocurrency market crash comes as global stocks go into meltdown due to the coronavirus spreading around ... (full story)

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  • Category: Fundamental Analysis