Bitcoin’s safe haven narrative fell through as large investors liquidated their holdings in search of cash and less risky assets. Cryptocurrency analytics firm Chainalysis reported that 70% of exchange activity came from institutions and high net-worth investors, per Bloomberg, March 19, 2020. Anatomy of the Recent Downturn Bitcoin was trading in the $8000’s before crashing through support

Read MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\

Source and More information: Large Investors Catalyst Behind Crypto Market Rout, Says Chainalysis

Author: BTCManager.com