10:56 AM · 12 March 2020

Bitcoin craters amid equity market rout

Bitcoin once again proves that it is not a safe haven asset. The most famous cryptocurrency drops over 20% today and is trading at the lowest level since May 2019. The coin even traded below the $6,000 mark at one point. However, Bitcoin is trying to recover from the drop.

Bitcoin is making a massive dive today. The coin trades over 35% off the mid-February peak. Source: xStation5

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Daily summary: Weak US data drags markets down, precious metals under pressure again!

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🚨 Bitcoin drops to $69,000 📉 A 1:1 correction scenario?

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