June 16, 2024

Coronavirus caused a rise in the rate of bitcoin to $ 9000 by 5% per day

Coronavirus caused a rise in the rate of bitcoin to $ 9000 by 5% per day

Bitcoin has risen 5% in the last 24 hours and is currently trading at $9,000 (according to CoinMarketCap). Presentercryptocurrency that has risen by more thanat $700, gave a boost to cryptocurrencies across the board, pushing the top 30 coins into the green zone, with the exception of only one altcoin - UNUS SED LEO.

Meanwhile, US stocks started the week withbig sale. All three major indicators are in the red amid concerns about the coronavirus outbreak. The Dow Jones Industrial Average fell 400 points, the Nasdaq Composite fell 1.8% and the S&P 500 lost 1.4%.

Coronavirus death toll rises to 81, virusspreading beyond the epicenter in Wuhan, China. For example, according to the Johns Hopkins tracker, 5 cases have already been recorded in the United States. The virus has now affected more than 2,800 people, including Australia, Thailand, Japan, Malaysia, Singapore, France, South Korea and Canada.

In an email to Yahoo Finance, Independent Advisor Alliance Chief Investment Officer Chris Zaccarelli wrote:

«Investors sell first, and then askquestions. The Chinese economy and possibly the global economy will suffer in the short term. The price reduction is a reasonable response to the growing spread of coronavirus.

In an interview with BlockTV, cryptocurrency consultant Nathaniel Wittemore noted that the current growth in bitcoin is correlated with market uncertainty.

«Every time regulated markets fall due to fear and concerns, Bitcoin rises. And this reinforces the concept of the main cryptocurrency.


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