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Bitcoin Price Volatility Symptom Of Liquidity

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Bitcoin Price Volatility Symptom Of Liquidity

In March 2020, major stock market indexes saw some of the worst price collapses in decades, as markets confronted the realities of the COVID-19 pandemic. Bitcoin was no exception to these economic strains. Having traded as high as $10,000 in mid-February 2020, bitcoin’s price collapsed to below $4,000 by mid-March, including a 30% drop in a day.

Fear caused a flight to cash in across the board, from domestic to international traders, large-cap to small-cap assets, gold to bitcoin. Markets fell, and bitcoin did too.

First published here

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“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
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