
Bitcoin has crashed. Yesterday's high was $7,969 and the low was $3,596, which amounts to a 55% fall, epic by any market's standard. The Coronavirus crash proves that bitcoin is no safe harbor now, we know one thing for sure — what happens to cryptocurrency in a crash, and it isn't pretty. The initial price of Bitcoin, set in 2010, was less than 1 cent. of Bitcoin, they are typically followed by rallies (often followed by deep crashes). Part of Bitcoin's appeal lies in the fact that it isn't controlled by governments or.