The Overall Downturn of Bitcoin

According to CoinMarketCap, bitcoin price fell 3.44% to $ 6,216.53 at 4pm New York Time amid the overall downtrend.

Ethereum prices fell 2.21%, XRP 2.60%, Bitcoin Cash 2.46%, Bitcoin SV 3.74%, and Litecoin 3.55%, all of which increased sharply compared to the morning.

At this time, the market capitalization of the cryptocurrency market was $ 1756 billion and the share of Bitcoin was 64.8%.

Bitcoin performed better than the US stock market during the first quarter of 2020 as the global financial market collapsed due to the coronavirus crisis, foreign media reported on the 1st.

Bitcoin, which started at $ 7,182 a year, broke through the $ 10,000 mark in mid-February, confirming bullish momentum for the first month of the year.

However, in March, with virtually all markets, Bitcoin also failed to avoid a plunge, and prices fell below $ 5000 once in the past month.

In particular, Bitcoin showed a relatively rapid recovery after the fall in the US stock market in March and recorded a 10% drop in the first quarter of 2020, and was evaluated as being a good candidate in a difficult situation compared to the stock market.

 

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The Overall Downturn of Bitcoin - /10

Summary

According to CoinMarketCap, bitcoin price fell 3.44% to $ 6,216.53 at 4pm New York Time amid the overall downtrend.

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