Bitcoin (BTC) Price Falls Through Several Supports as Coronavirus Fears Grip the Globe

imageCryptocurrency News3 hours ago (Feb 27, 2020 01:01PM ET)

(C) Reuters. Bitcoin (BTC) Price Falls Through Several Supports as Coronavirus Fears Grip the Globe

$10,000 was in Bitcoin’s sights throughout most of February, with the last attempt on Feb 24, 2020, before three red daily candles took the price all the way down to $8,640. The sharp decline followed a general trend around the world, with equities taking major hits following reports that the Coronavirus has spread to several countries in Europe and the Middle East.

This latest price action also tainted the earlier view that Bitcoin may have started acting like a safe haven asset, following gold’s price movements during times of political turmoil. However, the fact that China remains a major player in the crypto space, Bitcoin’s price drop shouldn’t come as a co…

This article appeared first on Cryptovest

Bitcoin (BTC) Price Falls Through Several Supports as Coronavirus Fears Grip the Globe

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