Cybersecurity
Bitcoin’s March Plunge Is Worst Since the Crypto Bubble Burst
- The largest token is down seven out of the last nine months
- Litecoin, XRP, Ether each post double-digit losses for March
Photographer: Philippe Lopez/AFP via Getty Images
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The turmoil that rocked financial markets in March wreaked havoc on Bitcoin, delivering one of the cryptocurrency’s worst months on record.
Investors rushed out of riskier assets amid the coronavirus pandemic that’s casting a shadow on global growth prospects, with Bitcoin losing about 25% in March to trade below $6,500. That puts the digital coin on pace for its worst month since November 2018 and also marks its seventh month lower out of nine. Since June, only October and January have been in the green.