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.