Bitcoin drops below $6,000

Bradley Prior

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Bitcoin drops below $6,000

Bitcoin plunged on Thursday, at one point sinking through $6,000 for the first time since May as a sell-off in cryptocurrencies became a rout amid wider market turmoil sparked by the coronavirus pandemic.

The largest digital currency at one point tumbled to $5,705.31, though the move eased slightly to trade down 23% at $6,068 as of 7:37 a.m. in New York, according to Bloomberg pricing. [Bloomberg]
 

envo

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One would think that bitcoin would surge after a stock market crash as people funnel their assets to a digital currency for protection rather than keep it in a bank where, lets face it, in a recession, it won't be guaranteed to be there tomorrow.
 

Messugga

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One would think that bitcoin would surge after a stock market crash as people funnel their assets to a digital currency for protection rather than keep it in a bank where, lets face it, in a recession, it won't be guaranteed to be there tomorrow.
Crypto and protection in the same sentence... Lol.
 
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