Coronavirus impacts Bitcoin

Coronavirus impacts Bitcoin

Dow Jones (DJI) declined by 1,200 points in one day. This is the biggest ever such decline in history. This is due to the rising fear and concerns over the outbreak of Coronavirus and its impact on global businesses and markets. The cryptocurrency market also saw a reaction to the previous decline and it crashed hard below $9k. Bitcoin (BTC) has now declined down to $8,432.

Ripz
Ripz
Paul C
Paul C 0 months

I don't understand all the technical trading mumbo jumbo, but seems reasonable to say that Bitcoin tanking during this crisis really just shows it is not an asset that people use as a hedge against uncertainty.

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