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

Published by

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. 

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

Recent Posts

  • Bitcoin News

Strategy’s STRC Draws $2 Billion In Capital To Buy More Bitcoin

In its Bitcoin buying spree, Strategy continues to attract new funds via its STRC preferred…

May 17, 2026
  • Crypto News

Trump Filings Reveal Millions In Trades Linked To Coinbase, Robinhood & Strategy

U.S. President Donald Trump has now diversified his financial footprint into crypto stocks from real…

May 17, 2026
  • Bitcoin News

Bhutan Official Speaks Up On Claims of Selling $1 Billion In Bitcoin

Bhutan’s Bitcoin movements have come into the spotlight again. The scrutiny comes due to the…

May 16, 2026
  • Crypto News

Just-In: Grayscale Files Amended S-1 For BNB Coin ETF With SEC

Grayscale Investments has advanced its plans to launch a spot BNB ETF available in the…

May 16, 2026
  • Crypto News

Why Is The Crypto Market Bleeding Today?

The crypto market continued plunging after unfavorable macroeconomic data. It erased the gains that came…

May 16, 2026
  • Crypto News

Strategy Eyes Bitcoin Sale to Fund $1.5B Convertible Note Buyback, MSTR Stock Dips

Michael Saylor's Strategy, previously MicroStrategy, has announced plans for a major debt repurchase plan today…

May 15, 2026