The coronavirus pandemic has resulted in massive turmoil in stock markets across the world, and almost all asset classes have suffered due to the deep selloff over the past few days. The same has been the case with Bitcoin, the world’s biggest cryptocurrency by market cap, and over the past weeks, its price has declined quite dramatically.

The cryptocurrency started off 2020 on a positive note, surging at a promising rate. However, over the past few weeks, it has tanked by 50%.

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