By the evening of March 10, Bitcoin (BTC) had decreased by another 3.9% against the US dollar, leading to a total weekly drop of 14.6%. Today, the leading cryptocurrency fell to an intraday low of $79,170.
There are rumors that investors are concerned about the slowdown in the economy, as US President Donald Trump did not rule out the possibility of a recession. On the stock market, Wall Street's 'Magnificent Seven' stocks and key indices are showing exceptionally negative dynamics.
On the Bitstamp exchange, the BTC/USD pair recorded a low on March 10 at $79,170 per coin.