Why the Bitcoin Price Decrease Occurred: Looking Past the Coronavirus

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On February 24-26, the Bitcoin price plummeted, decreasing by 13 percent. While this could have been caused by a coronavirus panic since the entire global economy has slowed down considerably, there is another possibility: the price is simply following a fractal from its earlier movement. Bitcoin (BTC) Price Highlights The Bitcoin price might be following a fractal from July 2019.

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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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