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Over the past 24 hours, bitcoin has grown by 5% and is currently trading at $ 9,000 (according to CoinMarketCap). Presenter cryptocurrency that has grown since Friday more thanat $ 700, it gave an impetus to cryptocurrencies in all directions, pushing the best 30 coins into the green zone, the exception was only one altcoin - UNUS SED LEO.
Meanwhile, US stocks began the week withbig sale. All three key indicators are in the red amid fears of an outbreak of coronavirus. The Dow Jones Industrial Average fell 400 points, the Nasdaq Composite Index fell 1.8%, and the S&P 500 lost 1.4%.
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The number of coronavirus victims increased to 81, the virusextends beyond the epicenter of Chinese Wuhan. For example, according to tracker John Hopkins, 5 cases have already been recorded in the United States. More than 2,800 people are currently infected with the virus, including Australia, Thailand, Japan, Malaysia, Singapore, France, South Korea, and Canada.
In an e-mail to Yahoo Finance, Investment Director of the Alliance Independent Advisor Chris Zaccarelli wrote:
“Investors first sell, and then askquestions. The Chinese economy and perhaps the global economy will suffer in the short term. 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 apprehension, bitcoin is growing. And this reinforces the concept of a major cryptocurrency. ”
"Every single time we see something like this happen where regular markets are down on some fear ... and bitcoin goes up, it adds merit to the idea that’s what bitcoin does." - @nlw
As global markets plummet on Coronavirus fears bitcoin climbs: https://t.co/e0NaIZiLfD pic.twitter.com/yjLcPWH2kB
- BLOCKTV (@BLOCKTVnews) January 27, 2020
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