HONG KONG: Bitcoin is proving to be no haven asset amid the current global market meltdown.
The largest digital currency continued to plummet in Asia Friday as a rout that began in earnest overnight in New York showed no signs of slowing down. Bitcoin dropped as much as 32% to $3,915, its weakest since March 2019, according to consolidated pricing compiled by Bloomberg. Its 50% drop over the past two days is among the biggest ever.
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