https://sputnikglobe.com/20200316/bitcoin-tumbles-15-mirroring-slumps-of-global-markets-1078579739.html

Bitcoin Tumbles 15%, Mirroring Slumps of Global Markets

Sputnik International

Earlier, the US Federal Reserve System said that it lowered the target range for the federal funds rate to 0-0.25 percent in the wake of the coronavirus... 16.03.2020, Sputnik International

2020-03-16T11:41+0000

2020-03-16T13:58+0000

https://cdn1.img.sputnikglobe.com/img/107485/84/1074858495_0:159:3077:1890_1920x0_80_0_0_ec2de09517e9667044a899542dc24951.jpg

Sputnik International

feedback@sputniknews.com

+74956456601

MIA „Rosiya Segodnya“

252

2020

Sputnik International

feedback@sputniknews.com

+74956456601

MIA „Rosiya Segodnya“

252

News

en_EN

Sputnik International

feedback@sputniknews.com

+74956456601

MIA „Rosiya Segodnya“

252

1920

1080

true

1920

1440

true

https://cdn1.img.sputnikglobe.com/img/107485/84/1074858495_173:0:2904:2048_1920x0_80_0_0_d13b2a404a388c81d94bc44b59a313f4.jpg

1920

true

Sputnik International

feedback@sputniknews.com

+74956456601

MIA „Rosiya Segodnya“

252

Sputnik International

business, newsfeed, bitcoin, coronavirus

Bitcoin Tumbles 15%, Mirroring Slumps of Global Markets

11:41 GMT 16.03.2020 (Updated: 13:58 GMT 16.03.2020)

Go to the mediabank

Earlier, the US Federal Reserve System said that it lowered the target range for the federal funds rate to 0-0.25 percent in the wake of the coronavirus disease (COVID-19) pandemic.

The most popular cryptocurrency, Bitcoin, dropped to $4,521, mirroring falls across global markets.

Other cryptocurrencies followed the slide in price.

,, $BTCUSD 8hr now 4558 -784#Bitcoin collapse continues,
the 3/12 L 3901 (x)
VZ Sell signal on 3/7 at 8752#CryptoTwitter #Crypto pic.twitter.com/9srRkPNLs6
— Victor Zubarev (@VictorZubarev) March 16, 2020

On Wednesday, the World Health Organization (WHO) declared the outbreak of the new coronavirus disease a pandemic.