Bitcoin Is Back In Free Fall And Dropping Fast—Here’s Why

From forbes.com

Bitcoin has again begun moving lower, following broader financial markets down as investors count the cost of the spreading coronavirus. The bitcoin price, which had found a temporary floor of just over $5,000 per bitcoin late last week, sunk to lows of $4,787 on the Luxembourg-based Bitstamp exchange early this morning. Bitcoin's latest fall comes as the U.S. Federal Reserve, working with the U.K., Japan, the eurozone, Canada, and Switzerland, tried to shore up financial markets with massive stimulus—but many feel the central banks haven't gone far enough and some have warned the bitcoin price could crash even ... (full story)