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Bitcoin loses 21 percent of its value in broad cryptocurrency rout

Posted on March 12, 2020 by Xordac Prime
Bitcoin loses 21 percent of its value in broad cryptocurrency rout

Enlarge (credit: Thomas Trutschel / Getty Images News)

The cryptocurrency world has experienced its biggest one-day plunge in months. Bitcoin, the most popular cryptocurrency, is down 21 percent over the last 24 hours. Earlier today, Bitcoin fell below $6,000 for the first time since May 2019.

Ether, the currency of the Ethereum network, is down a whopping 27 percent. Lesser-known cryptocurrencies have seen similarly large losses.

There’s no obvious cryptocurrency-specific reason for the crash. Instead, it seems to be part of the broader coronavirus-related selloff that has rocked stock markets around the world.

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Source: Ars Technica – Bitcoin loses 21 percent of its value in broad cryptocurrency rout

This entry was posted in Ars Technica, Unfiltered RSS and tagged Ars Technica by Xordac Prime. Bookmark the permalink.
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