Home News Bitcoin News

Breaking: Bitcoin [BTC] Price Drops to $3800, Crashes Over 50%

Published by
Nivesh Rustgi
Updated 13 Mar, 2020 | 05:05:58 AM UTC
Breaking: 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.

BTC/USD 1-Week Chart on Bitstamp (TradingView)

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. 

Advertisement

Share
Nivesh Rustgi

Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on X at @nivishoes or mail him at nivesh(at)coingape.com

Published by
Nivesh Rustgi
Updated 13 Mar, 2020 | 05:05:58 AM
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Coinbase Urges Court to Sanction SEC Over Missing Gensler Texts

Coinbase, working through History Associates, has told a federal court that the SEC’s actions violated…

September 12, 2025
  • Bitcoin News

Breaking: $9T BlackRock Plans To Tokenize ETFs Following Bitcoin ETF Success

The world's largest asset manager, BlackRock, is reportedly planning to tokenize exchange-traded funds on the…

September 12, 2025
  • Bitcoin News

Bitcoin’s Bull Cycle May Peak This Month, Peter Brandt Says

Veteran trader Peter Brandt has given his opinion on when the Bitcoin bull cycle may…

September 11, 2025
  • 24/7 Cryptocurrency News

Ethereum Whales Buy $204M ETH Amid Rebound Above $4,400

Ethereum (ETH) whales raised their holdings by buying $204 million ETH while ETFs received $171…

September 11, 2025
  • 24/7 Cryptocurrency News

SOL Rises as Nasdaq-listed Forward Completes $1.65B Raise For Solana Treasury

Solana (SOL) price climbed above $227 after Nasdaq-listed Forward Industries secured $1.65 billion to build…

September 11, 2025
  • Bitcoin News

Breaking: U.S. CPI Inflation Rises To 2.9% YoY, Bitcoin Reacts

The August U.S. CPI inflation data have come in line with expectations, which further strengthens…

September 11, 2025