Bitcoin price crashed down into the $4,000  because of the highly leveraged nature of the cryptocurrency market and the unwillingness of buyers to step in amid extreme volatility and uncertainty. cryptocurrency markets comes amid a broader sell-off in equities as governments worldwide continue to grapple with the new corona virus that's spreading rapidly across the world.

Bitcoin's price to drop to as low as $6,500. In the third quarter of 2019, Bitcoin's price dropped from $10,500 to $6,410. Bitcoin price crashed down into the $3,000s because of the highly leveraged nature of the cryptocurrency market and the unwillingness of buyers to step in amid extreme volatility and uncertainty.