Quote from: Sithara007 on Today at 03:10:08 AM

Quote from: tabas on July 25, 2021, 11:09:43 PM

Yes, the crypto market didn't looked affected on this pandemic since it's not the same as the others that are tangible. Well, if we're only going to look at that perspective.
We're enjoying the run but that's the fact that these big corporations are the ones that have been booming and making billions after billions within a short period of time.

It will be too early to say that the market wasn't affected as a result of the pandemic. Multiple incidents related to the pandemic had its impact on the cryptocurrency prices, over the past 1.5 years. First it was the stimulus cheques. A lot of people received the additional cash at a time when they didn't needed them. They used the stimulus money to purchase assets including Bitcoin, and it resulted a jump in the Bitcoin prices. And the latest crash (when BTC went down from $35,000 to $28,000) was attributed to the fears associated with the spread of the delta variant (the stock market also went down at the same time).

It didn't looked affected but at first, we've seen that it's been pandemic since last year before we got into the bull run. And that was the best time to invest in the market but many didn't saw that opportunity because they thought that the market was dying due to the pandemic. That's what usually has been happening when the market isn't showing good, most of the people are thinking that it's already the end of the market and misses to buy.