The price of bitcoin has fallen sharply by over 20 percent this morning. The world’s largest cryptocurrency is now trading at around $6,200 levels, according to data from TradingView.
This represents a new low since May 8, 2019, and the lowest price in 2020.
Prices of other top coins, including ether (ETH), bitcoin cash (BCH) and XRP, are also down by over 20 percent at the time of writing.
Markets around the globe are in red. Yesterday, the Dow Jones as well as the S&P 500 index closed down by 5 percent. The declines deepened after the World Health Organization (WHO) declared coronavirus as a pandemic
