Bitcoin market update: BTC/USD calm after a stormy night

Bitcoin market update: BTC/USD calm after a stormy night

BTC/USD had recovered significantly above the key hurdle at $13,000 before the plunge to $11,200. Fed chair Jerome Powell remarks on Libra linked to the devastating selloff. Bitcoin dived massively on Wednesday further crashing the hope of seeing it trading at new 2019 highs.