Why Bitcoin Price Dropped?
**Bitcoin** (BTC) is known as the first open- source, peer-to-peer, digital cryptocurrency that was developed and released by a group of unknown. Why the price of bitcoin dropped to **$3600** overnight? According to cointelegraph.com, The funding rate on Bybit, Binance Futures and BitMEX remained at around -0.05%. A negative funding rate when the price of **BTC is going down** means that the overwhelming majority of the market is holding short contracts, expecting **BTC** to drop further. **BITCOIN** has again begun **moving** **lower**, following broader financial markets down as investors count the cost of the spreading coronavirus.
3 comments
di din ako masyadong maalam sa bitcoin basta ang alam ko it can be converted to ash and it is expensive. bitcoin and other cryptocurrencies. patok to ngayon. di ko alam kelan nagstart pero i think magiging kasama na talaga sa buhay toh... ang galing nga ng nakagawa eh
True dahil sa mga libreng sites na cryptocurrencies ang binibigay e kumikita tayo ng libre haha
oo nga. hehe... maganda din mag buy and sell ng btc sabi nila kaso talo ka pag bigla bumaba ang bentahan. d ko ginagawa di ko alam gawin eh. tsaka natatakot ako aahaha