Bitcoin 2020 March

The turmoil that rocked financial markets in march wreaked havoc on bitcoin delivering one of the cryptocurrency s worst months on record.

Bitcoin 2020 march. If bitcoin is an uncorrelated asset that is meant to act as a safe haven during times of turmoil why did the. We expect on march 2020 a bitcoin rise with a strong capitalization and consequently a concrete value per coin increase. In march 2020 bitcoin may heavily boost its price. The question that coinbase s blog post attempted to answer was the following.

Bitcoin is the number one coin with a market capitalization of 167 752 357 498 and a trading price of 9 193 28 with a decrease of 3 85. March 31 2020 11 51 am edt. We assume as high predictable a mass adoption of this cryptocurrency next months. Well on monday march 30 coinbase talked about this crash as well as how its users reacted to this event.

We will be looking at the price history and market opinions for btc in order to formulate a bitcoin price prediction for march 2020. This entry was posted in uncategorized on march 31 2020 by adminbtc. Due to the pandemic bitcoin fell in tandem with stocks gold silver and other legacy markets. There are currently 18 238 012 btc in circulation out of a total of 21 000 000 btc.

The drop of bitcoin in march to sub 3 600 was a black swan event that many investors did not expect. Bitcoin ended the first quarter of 2020 down from the start of the year but not as badly as the record setting losses suffered by global equities.