BREAKING: Bitcoin crashes 17% in 1 hour below $ 6K in Coronavirus Panic

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Bitcoin (BTC) once more suffered dramatic losses on March 12, for the primary time since Might 2019 beneath $ 6,000.

Cryptocurrency market every day overview. Supply: Coin360

Knowledge from Coin360 and Cointelegraph Markets summarized the grim day for Bitcoin merchants when BTC / USD hit a low of $ 6,000.

Gross sales elevated via Thursday, with 24-hour losses of 20% on some exchanges.

Bitcoin 1-day worth chart. Supply: Coin360

"And that appears capitulation to me," entrepreneur Alistair Milne summarized Twitter.

Like Cointelegraph reported, a number of analysts, together with BitMEX CEO Arthur Hayes, imagine that the doubtless backside for Bitcoin is $ 6,000.

Altcoins proceed to endure heavy losses throughout the board as cryptocurrencies panic in conventional markets over United States coronavirus measures.

Keep updated with one of the best cryptomarkets in actual time here

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