In my opinion, cryptocurrencies have the tendency to survive COVID 19. Some of the digital assets, especially Bitcoin, have shown some signs of recovery. For Bitcoin, the halving procedure would help recover the price. Moreover, governments have begun to lock down their lands. No person is allowed to go out without any reason. Speaking about fiats, the exchange of these paper-based currencies has the potential to spread the virus. People have now started relying on the internet to transfer the money. This could be a piece of good news for blockchain and cryptocurrencies. Decentralized systems like these two have a chance for more adoption. When countries would start adopting blockchain and digital assets, prices would rise significantly as a result. This would reap more profits to the investors.

Banking Sector And Financial Industry Are In Doldrums
The virus has taken down all the central banks and financial institutions of major countries such as the USA, China and many more. Stock markets have been observing massive shifts since the beginning of 2020. For example, some significant stock markets, Dow Jones and FTSE have observed a record-breaking decline. Due to this, investors now concern that the epidemic would indeed slay financial growth and consume their purchases.
Moreover, central banks have cut their interest rates in response to the outbreak. As no traditional investment seems to be prolific in the current situation, cryptocurrencies could certainly get a boost in adoption. Now, we will look at the survival potential of cryptocurrencies

The outbreak has severely disturbed all the industries across the globe. During the time when traditional markets were in chaos, Bitcoin managed to perform well. In their way to face the current economic situation, almost all the banks have lowered the interest rates. The stock market has also gone down. People who invested in the capitals are now looking to go for a safe haven like Bitcoin. Bitcoin lost half of its value and went from $10000 to $4000 previously. As of now, it has again reached up to 7000 US dollars. Besides this, the halving event is approaching this May, which will increase its value further. One primary reason Bitcoin successfully recovered at such a fast pace was that it showed no dependency on how banks and other financial institutions control the assets. Bitcoin lacks any central authority that takes control.

Final Thoughts:
Thus, in our journey to 'Corona coin vs Bitcoin', we have clearly seen some signs which indicate how Bitcoin would certainly outlast in the future, while Corona coin is just short-lived crypto. Many things about Corona coin are not yet clear. So, this crypto does not stand any chance against Bitcoin. On the other side, Bitcoin has never been criticized when compared to this new cryptocurrency. It has a bright future and a great deal of adoption. Bitcoin will always remain an all-time favourite among people all around the world.

Lack of clothes does not make people weep, hunger irritates peLack of clothes does not make mLack of clothes does not make people weep, hunger irritates people, we are going to wear them in the future.
Reason Lock Down.
What do you think?
Cryptocurrency due to lock down
What kind of changes can the market have?

‌Bitcoin’s Journey From Being a Bubble To a Commodity

Over time there has been an evolution in the medium of exchange, from a Barter system to using fiat money as a medium, people have now started moving towards digital assets. Here we are talking about cryptocurrency and particularly Bitcoin. Bitcoin, the first decentralized cryptocurrency was first launched in 2009 by...
In its initial years, people did not see much potential in Bitcoin and very few people were aware of it. The price of the digital asset also remained near zero in its early years. To understand the magnitude at which king coin has grown in leap and bounds in the last decade, the best example is of Kristoffer Koch who bought Bitcoin worth $27 in 2009. As of October 2013, the price of his holdings raised to $980,000 which he must not have expected at all during the time of its purchase. And if we evaluate the price of the asset as per its 2017 bull run the price would be in millions.

For a few consecutive years, there was not any notable success in terms of price for bitcoin. People were unable to show their faith only until it started growing. A person paid 10,000 bitcoins for just two pizzas and surprisingly those coins would have been worth of $100 million as per its current value.

Read it.
What is your opinion?
Explain here? 

Ethereum has completed its second hard fork in the past 30 days, as now most nodes are syncing with the Ethereum blockchain after the Muir Glacier upgrade. These hard forks are seen as small steps on its path towards Proof-of-Stake.

Poloniex, a cryptocurrency exchange that earlier this week contacted some users asking them to reset their passwords over a data leak, has clarified the leak did not stem from Poloniex, and it was merely responding to what it called an “external threat.”

The controversial USDT stablecoin has been growing on the TRON network, so much now over $900 million worth of it are circulating as TRC20 tokens, with a Binance account being the top TRC20 USDT token holder.

Source :  https://ci3.googleusercontent.com/proxy/VHftwsc8o-HWM1eXbj2POWXQl13lTiZQ7zS665yA0TRGgQFPXg50uc03Ah8ygXmZz-S2HqjtmbNQr2qF_htrmvI7YEDGFi4l0w=s0-d-e1-ft#https://s-chart.cryptocompare.com/table/minimal/v1.png

From cryptocurrency news, I learned that, The price of ETH/USD pair is encountering a bearish pressure as BTC is declining steadily. The price may decline to under $128 if BTC falls under $7,200.
The price encountered a hurdle close to $138 area following a powerful move to the upside over $135. It was topped close to $138 and retraced to under $135 in recent times.
The price visited the support at $130 support and the 100 hourly SMA. It appears that ETH is at the moment into consolidation close to $130 and the 100 hourly SMA. There is a first hurdle close to $132.
A look at the hourly chart of ETH against the USD revealed the formation of a connecting selling trend line with hurdle close to $132. Hence, a surge over the $132 hurdle could begin a powerful upsurge towards the hurdles at $135 and $138.
On the other hand, ETH could struggle to obtain momentum over $132 and $133. If it turns bearish, ETH may struggle to maintain a level over $130 and the 100 hourly simple moving average.
If the price closes under $130 and the 100 hourly simple moving average, the sellers could obtain traction and the price could fall towards the support zone at $125.

Soruce: cryptocurrency News