Bitcoin is Tanking despite Coronavirus Fears; Not Really Safe-Haven | NewsBTC

Bitcoin is Tanking Despite Coronavirus Fears, Showing Lack of Characteristics as Safe Haven | NewsBTC

Bitcoin prices on Friday are plunging after marking their highest levels in over two months, hurt by an improving outlook of the eurozone economy, the stronger dollar, and – none the least – the Coronavirus outbreak in China. The benchmark cryptocurrency’s spot rate fell by 1.66 percent to $8,246.14 as of 11:20 UTC today.