Post
Topic
Board Bitcoin Discussion
Re: Bitcoin declined 3% as the coronavirus spread in italy
by
Vishnu.Reang
on 27/03/2020, 16:00:26 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?

Since the outbreak was confirmed a few months ago, the exchange rates have fallen by close to 40%. And this is comparable to the drop we had in similar markets such as equities. Even crude oil has lost more than 50% of its value. Until the situation is contained in major economies such as the United States and the European Union, we may not witness a recovery in the prices.