Post
Topic
Board Bitcoin Discussion
Re: Bitcoin declined 3% as the coronavirus spread in italy
by
camito
on 28/03/2020, 01:51:09 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?


We already know that it might be one of the reason because with the pandemic destroying people's lives, even though there might be a lockdown, people are fearing for their lives so using Bitcoin right now is not a priority for them. We know Italy is facing many deaths everyday and the actual reason for this is because of the virus which has many reasons for someone to have. The virus caused the people to be wary of touching anything such as their phones or computers, and considering their population, that is the 3% we are talking about.