Post
Topic
Board Bitcoin Discussion
Re: Bitcoin declined 3% as the coronavirus spread in italy
by
Tiews223
on 27/03/2020, 08:54:48 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?


At a time where there is a pandemic, people have been reluctant in trading as they pull out their investments. People know that when manpower is moving less to not even moving at all, then there is little activity, when there is little activity, there is little income. I think it’s a domino effect as to why there is a great depreciation of value.