Post
Topic
Board Bitcoin Discussion
Re: Bitcoin declined 3% as the coronavirus spread in italy
by
BlackFor3st
on 03/03/2020, 07:35:45 UTC

https://cointelegraph.com/news/bitcoin-traditional-markets-drop-3-as-coronavirus-spreads-in-italy

As the coronavirus spread in Italy recently, bitcoin market has dropped 3% and also the traditional market including all the top ranked cryptocurrencies. Can coronavirus spreading be the cause?

I am very interested whether this coronavirus outbreak will really cause a bad effect to the crypto market or it is only an imagination to the investors who are worried in every dip of prices. There is a big possibility that it is only a coincidence as if you will closely check the market, in every increase of price there is always a setback of it before it will continue to increase again.

The outbreak has been spreading already in different countries and not in Italy only so let's just remove the this reason why the bitcoin declined it's price.