Claim $500Breaking: Bitcoin [BTC] Price Drops to $3800, Crashes Over 50%
Bitcoin [BTC] price plummets to now lows for the year not very far from lows during the bear market of 2018.
After dropping by nearly 24% yesterday to test the 200-Weekly Moving Average around $5,500, the price took continues downturn at the beginning of the Asian trading hours dropping to lows at $3850.
The combined from drop from yesterdays’ opening around $8000 is 50%. The panic on economic assets has escalated far too quickly as the virus spreads violently across Europe and the US.
The price of Bitcoin [BTC] at 2: 30 hours UTC on 13th March 2020 is $4445. It is exhibiting a lot of volatility at the moment.
Gold is down $75 since the fall-over began, while S&P 500 closes at $2480 down 260 points (9.5%) on a single day.
Where do you the panic will find support? Please share your analysis with us.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- PENGU Rises Despite Crypto Market Downtrend as Pudgy Penguins Appear on Las Vegas Sphere
- Binance Lists First Nation–Backed Stablecoin; CZ Reacts
- U.S. Initial Jobless Claims Fall To 214,000; BTC Price Drops
- BlackRock Deposits Millions in Bitcoin and Ethereum as CryptoQuant Flags Growing Bear Market Risk
- NiceHash Review: Trade HashRate and effectively manage your POW mining facility
- XRP, Bitcoin, Ethereum Price Predictions Ahead of Jan 2026 CLARITY Act and US Crypto Reserve Plans
- Pi Network Analysis: Pi Coin Price Surges on Christmas Eve, Can It Hit Year-End Highs?
- Why Dec 26th Is A Do Or Die for Bitcoin Price Ahead Of Record Options Expiry?
- Why Bitcoin, Ethereum And XRP Prices Are Down Today? (24 Dec)
- XRP Price Prediction: Will 4 Billion Transactions Spark Next Rally?
- Solana Price Outlook: Will SOL Recover With Strong Institutional Buying?
