By Tulkree - 28.02.2020
Bitcoin crash 2020
Bitcoin Dropped Below $10K, 3 Reasons Bitcoin and Crypto Market Will Crash Again. Kun Hu Sep 08, 3 Min Read. In , the mantra still holds true: only risk what you are willing to lose.” At the time of writing ( am in Hong Kong), the price of bitcoin was.
The selloff in global equities has dragged bitcoin along for the ride, once again exposing the 'haven' myth.
As global equity markets crashed on Mondaybitcoin had the opportunity to prove it was the digital safe haven its tyga stash have always claimed it to bitcoin crash 2020. In bitcoin crash 2020 process, bitcoin threatened to dip below a key bitcoin crash 2020 support that could lead to more bloodletting in the near term.
The largest cryptocurrency by market cap continued to trade near session lows at bitcoin crash 2020 time of writing.
Chart: TradingView With the decline, bitcoin is on the precipice of a bearish trend reversal. Bitcoin has been plunging alongside stocks ever since investors began pricing in the impact of coronavirus.
To the naked eye, it appears that bitcoin is moving in lockstep with bitcoin crash 2020, making it a risk-on asset as opposed to a digital haven. Peter Schiff appears vindicated in his long-held criticism of bitcoin.
For the time being, investors appear to be fleeing risk assets bitcoin crash 2020 coronavirus ravages the global economy.
Global energy producers are at bitcoin crash 2020 about how to re-balance the market in the wake of the coronavirus shock. The resulting crash in oil prices triggered a massive slump in energy stockscausing the entire market to buckle.
Bitcoin bitcoin crash 2020 being dragged along for the ride, bitcoin crash 2020 it at risk of further losses.BITCOIN CRASH NOW ***EXPLAINED***
Disclaimer: The above should not be considered trading advice from CCN. Sam is based in Ontario, Canada and can be contacted at sam.
Visit his Muck Rack profile here. Sam Bourgi is a Trusted Journalist.
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