Bitcoin Price Plummets to $9,100 as Coronavirus Takes a Toll On It
Bitcoin price smashed the $9,500 support on February 25 after repeated tests and accelerated towards $9,100. That marked the second day of losses as global equities markets steeply corrected on the fears of the coronavirus spreading to more countries. The price is down over 3.5% for the past 24 hours as the Asian session on February 26 comes to a close. Despite the 7.25% drop in the past two days, it is still unclear whether the pullback in Bitcoin price is technical or primarily caused by corrections in the traditional markets arising from the coronavirus fears.