General negative trends in world markets, falling oil prices, the largest drop in world prices for US and European markets over the past 30 years, global dangers in relation to the coronavirus epidemic – all this negatively affects all assets. Even a defensive asset such as gold, fell 5% at auction on Friday.
So far, panic and confusion reign in the markets. This week, the price of the main BTC cryptocurrency fell by half and this affected all other altcoins.
The famous American economist, professor of economics at New York University, Nuriel Roubini, called bitcoin “shitcoin” along with 3,000 other virtual assets.
“[Bitcoin] has fallen by half compared to stocks, and 3,000 shitcoins have lost 60% in the last month, which is 98% lower than the highs!” – Rubini wrote on Twitter.
In less than a week, bitcoin halfed in price – in five days its value fell from $ 9,100 to below $ 4,200. According to experts, bitcoin, in a sharp drop, reacted to the collapse of international markets associated with the spread of coronavirus.
Bitcoin experienced a major collapse in value – on the night of March 12 to 13, 2020, its rate fell below $ 5,000.
According to Coinmarketcap.com, in just a few hours, the Bitcoin rate dropped to $ 4121.
The Aergo token rate reacted to this collapse, updating its absolute minimum.
Now the minimum value for the entire history of trading of Aergo according to Coinmarketcap.com is $ 0.016102, recorded on March 13, 2020.