Bitcoin prices plummeted today, driven lower by various factors. When explaining bitcoin’s extreme price decline, analysts emphasized concerns surrounding the coronavirus and a global liquidity crunch. Further, several market observers pointed to Asian trading as fuelling the digital currency’s sharp losses over the last several hours. “Most of crypto is driven by the Asian market,” said Marouane Garcon, managing director of crypto-to-crypto derivatives platform Amulet. Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether and EOS.

Source: Forbes March 13, 2020 03:42 UTC