Bitcoin Gambling News March 12, 2020: Massive Dump Sees 2020 Gains Wiped Out

Submitted by Aaron Goldstein on

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Aaron Goldstein

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Below you will find all the latest news pertaining to Bitcoin and the world of online gambling for Thursday March 12, 2020. 

Crypto Carnage Wipes Out 2020 Gains For Bitcoin, Ethereum, Ripple’s XRP, Litecoin, And Bitcoin Cash

Bitcoin and other cryptocurrencies have seen billions of dollars of their value wiped out in a matter of minutes during the early morning hours Thursday.

From Forbes.com:

The bitcoin price ditched around 30% over the last 24-hour trading period to lows of $5,721 per bitcoin on the Luxembourg-based Bitstamp exchange, from just under $8,000 yesterday, before slightly recovering to trade around $6,000.

Bitcoin's drawn out crash has been put down to global market turmoil sparked by oil cartel Opec's failure to agree to a supply cut last weekend, sending the oil price to historic lows, but some think bitcoin's move lower could have its origins elsewhere.

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