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Home > Blockchain > Bitcoin drops from $8,000 to $3,637

Bitcoin drops from $8,000 to $3,637

Bitcoin experienced one of the most drastic drops and dragged down other cryptocurrencies along with it.


Erdem Yasar Erdem Yasar
March 13, 2020
1 min read
Bitcoin drops from $8,000 to $3,637

The world’s most popular cryptocurrency dropped to $4,290 from a little over $8,000 on March 12nd. On the following day morning, the Bitcoin price dropped to $3,637 which is the lowest point for a long time. Shortly after it bounced back to $5,200. In 2019, the Bitcoin price was around $12,000. During this period, Bitcoin also dragged down prices of other cryptocurrencies with it.

Coronavirus effect

Although it seems like there is no direct connection between coronavirus and cryptocurrencies, uncertainties in the economy caused by the outbreak obviously affects the cryptocurrencies. Although Bitcoin jumped back to $5,000 within minutes, it gives us a hint about the possible drastic changes in the near future. Many experts claim that Bitcoin prices won’t be as high as last year for a foreseeable future.

Helpful Links about Coronavirus (COVID-19):

WHO Coronavirus Disease
WHO Advice for Public
Coronavirus Tips (Do the Five)
Johns Hopkins Coronavirus Resource Center (Map)
Coronavirus (COVID-19) Map
Discord Global Channel

See more Blockchain News


Tags: BitcoinCoronavirusCryptocurrency
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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