Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Paglamon on May 22, 2020, 10:44:52 AM
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Being the best-acclaimed cryptocurrency, Bitcoin still has to widen its reach because no matter how much popularity it has gained worldwide amid the global crisis which has affected its price. It is still not being adopted much by the masses. Even if it is adopted, then it is not up to that faster level. It is especially during corona outbreak, where the number of crypto wallets has not received any positive spike.
On 23rd January 2020, Wuhan became the first victim to have experienced the deadly virus corona. However, it was first discovered in the previous year (2019). If you have been following breaking crypto news, then you will know that during that phase, the price of Bitcoin was diminishing somewhere between $7K to $8K, which was okay if analyzing at the crypto market. So here it proves that there was no association of Bitcoin price surge and coronavirus. The current trading of Bitcoin which is $9K remains about the same as in 2019. It did gain some 10% value since corona pandemic outbreak, but analysts were already sure about its current level to reach because of some factors that were responsible for its price fall.
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I noticed that corona don't affected bitcoin at all because bitcoin price is better that was 2019 and 2020 prediction. Whole time of corona 2019 December to till now bitcoin price is increasing slowly but increase... We still waiting for much bullish.