Altcoins Talks - Cryptocurrency Forum
Further Discussions => Economics , Sociology & Politics => Topic started by: Tnoy30 on June 25, 2020, 05:36:22 AM
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Both stocks and cryptocurrencies are in the red today following an uptick in novel coronavirus cases. The prospect of a Joe Biden presidency may be spooking investors, too.
It’s been a rough day for both crypto and stocks alike, as the US economy reels from a recent uptick in COVID-19 cases.
Most coins today are in the red, as the combined market capitalization for cryptocurrencies today sank by around $11 billion.
Bitcoin, for example, has fallen by nearly 4% in price, currently trading for around $9,200 per coin, erasing the gains from earlier in the week (even if the asset is still outperforming gold this year.) Ethereum, meanwhile, has likewise dropped by 4%, potentially driven by the movement of more than $180 million worth of ETH associated with the alleged PlusToken ponzi scheme.
Read on: https://decrypt.co/33435/stocks-crypto-slide-surge-covid-19
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Both stocks and cryptocurrencies are in the red today following an uptick in novel coronavirus cases. The prospect of a Joe Biden presidency may be spooking investors, too.
It’s been a rough day for both crypto and stocks alike, as the US economy reels from a recent uptick in COVID-19 cases.
Most coins today are in the red, as the combined market capitalization for cryptocurrencies today sank by around $11 billion.
Bitcoin, for example, has fallen by nearly 4% in price, currently trading for around $9,200 per coin, erasing the gains from earlier in the week (even if the asset is still outperforming gold this year.) Ethereum, meanwhile, has likewise dropped by 4%, potentially driven by the movement of more than $180 million worth of ETH associated with the alleged PlusToken ponzi scheme.
Read on: https://decrypt.co/33435/stocks-crypto-slide-surge-covid-19
It seems that what op said may be irrelevant for now, because bitcoin has shown a value of $ 11,985 and what was written by op bitcoin at that time was still up to $ 9,200.
I will fulfill from the others.
Bitcoin is not really related at all to the Covid pandemic, because bitcoin can move in its own way, whether there is an outbreak or not. what bitcoin is afraid of is if investors hold their capital and do not make purchases because it will have an impact on the development of bitcoin.
as long as investors are still able to carry out activities there will be a fair trade against bitcoin and not only against bitcoin but against crypto as a whole.