Bitcoin
$ 60,609
Ethereum
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Is This The Real Reason Bitcoin Suddenly Collapsed?

Bitcoin crashed this week, collapsing by almost 15% over the last seven-days and dragging down the wider cryptocurrency market.

Bitcoin

The bitcoin price, which has had an incredible start to the year, had been hovering around $10,000 per bitcoin before moving sharply lower—diving just as global markets went into free fall due to the spreading coronavirus.

However, many thought bitcoin had begun acting as a so-called safe haven asset, rising as equity and riskier assets fell, and a ruling by the U.S. Securities and Exchange Commission (SEC) against a long-hoped for bitcoin exchange-traded fund (ETF) might somewhat explain the sudden sell-off.

 

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Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin60,609 0.42 % 4.59 % 2.62 %
Ethereum2,167.5 0.22 % 4.32 % 1.57 %
Binance Coin477.70 1.03 % 14.98 % 41.77 %
Tether0.9996 0.43 % 0.02 % 0.10 %
Polkadot43.88 0.58 % 0.43 % 36.39 %
Cardano1.240 1.08 % 2.87 % 4.49 %
XRP1.080 1.87 % 5.17 % 78.75 %
Uniswap30.60 0.25 % 1.42 % 1.75 %
Litecoin231.42 0.13 % 2.90 % 9.23 %
Chainlink32.67 0.33 % 0.39 % 0.96 %