The crypto market is at risk because of Covid-19

[Astra]

The impact of the coronavirus pandemic was noticeable in mid-March, when the virus was announced worldwide. Then prices on the cryptocurrency market immediately fell sharply and recovered gradually. After this, the direct impact of the coronavirus on the price of the cryptocurrency was no longer noticeable.
Of course, tough measures to combat coronavirus still affect all areas of human life. In a certain way, they also affect the work of structures related to cryptocurrency. However, this does not pose a serious threat to the existence of the cryptocurrency market.

[Galley]

Economy and finance react very painfully to any situation that leads to instability and uncertainty in society. COVID-19 has affected almost everyone to one degree or another. Investors begin to think about a similar situation and begin to look towards alternative opportunities. In any case, views on crypto-economics will be revised, because growth is inevitable.

[highnayem34]

Cryptocurrency market declined since covid 19. The impact of the Covid-19 pandemic has razed all the markets of the world. It is probably on risks right now. The good side many more people now know about the existence of the cryptocurrency.

[Alcor]

It was in May that the consequences of the spread of the coronavirus seemed dire due to the stringent quarantine measures aimed at combating this virus. Now these quarantine measures have been significantly weakened and due to the protests of the population, the governments are already afraid to resume the previous strict quarantine measures, even despite the worsening epidemiological situation. Now everything is gradually returning to normal, although over the past time, the damage to the economies of states has been quite significant. However, the existence of cryptocurrency is no longer threatened.

[Dora Walletinvestor]

Cryptocurrency market declined since covid 19. The impact of the Covid-19 pandemic has razed all the markets of the world. It is probably on risks right now. The good side many more people now know about the existence of the cryptocurrency.

Well I wouldn't say all markets suffered but you have a point. I actually think cryptos pulled through quite well in spite - or maybe because - of the declining economy and the stock market volatility. Many investors were more drawn towards cryptos, especially bitcoin, than before, and I have read about many influential people encouraging crypto investments.

[Paglamon]

Many began to speculate that covid 19 would have a huge impact on the cryptocurrency market. But if you keep an eye on the market and monitor it all the time, you will see that the market has not changed. But the crypto currency has not changed. I think the market has gotten better because of covid 19. Because people have invested money in cryptocurrencies from other businesses. So I don't think covid 19 has had an effect.

[Jaephoenix]

Whenever I hear crypto being at risk because of Covid, I lose it. If a project does not have a working or burgeoning MVP, it would not succeed Covid or not. And there are lots of such projects in cryptocurrency

[Vladok]

Now they are talking about the second wave of the pandemic, and most likely in this connection the market will be shaken again and will start to give up positions.

[xeroz]

Actually, we can say not only the crypto world but also all our life. In this case, many problems hit lots of sectors because of this pandemic. It caused a very high problem on economy, financial health, industries, tourism, and many more aspects. That is why it is not strange if it also influences the crypto world.
However, so far I followed this world, I can find that crypto can really survive whether because of this pandemic. There will be many more adoption about using blockchain and also accepting crypto as well. But of course, we need to struggle more to make the best of this crypto world.

[Senin]

Now they are talking about the second wave of the pandemic, and most likely in this connection the market will be shaken again and will start to give up positions.

I do not think that the second wave of the coronavirus pandemic can again lead to a drop in cryptocurrency prices, similar to the situation that was observed in mid-March. Despite the sharp deterioration in the epidemiological situation, governments are already wary of reintroducing stringent quarantine measures due to the great discontent and protests of the people. The economies of states are now not as paralyzed as they used to be, so I do not expect a significant drop in cryptocurrency prices due to the worsening situation with the coronavirus.

[tervel]

The coronavirus scare has had a substantial impact on the global economy and financial markets, forcing many businesses to shut their doors.So far the crypto market is holding up. Market observers may benefit significantly from watching digital currencies to see how their prices behave going forward in these difficult times.

[lepbagong]

The coronavirus scare has had a substantial impact on the global economy and financial markets, forcing many businesses to shut their doors.So far the crypto market is holding up. Market observers may benefit significantly from watching digital currencies to see how their prices behave going forward in these difficult times.

yes, it looks like the crypto market is not affected by the covid-19 virus pandemic because it looks like crypto is still running smoothly and there are no significant disruptions. the most annoying thing in crypto is only new projects that cannot carry out a well-designed program through their marketing. because the lockdown causes their marketing to not promote the idea of what to inform, so they cannot rake in funds from investors. because social media may not be optimal.

[Black ID]

I think the impact of COVID-19 on the crypto world is very pronounced. In recent months, many coins have continued to fall in price. In fact, more and more bounty projects have finally stopped their projects for no apparent reason. And when the economy in this world weakens, the same thing will happen in the crypto world. People will invest in crypto after all, when their economic conditions are good.

[Noverteno]

Now we can already say that the coronavirus pandemic has generally had a positive effect on price movements in the cryptocurrency market. Forced isolation and a gradual increase in inflation of conventional currencies created the necessary prerequisites for people to become increasingly interested in cryptocurrency as a means of preserving their savings.
Also, more and more attention is paid to the digitized currency and almost all states. At first, states and their governments made an unpleasant conclusion for themselves that their paper money is carriers of the coronavirus, and the blockchain technology, on the basis of which cryptocurrencies work, is in many ways better than even their non-cash means of payment. That is why they are massively developing their central bank stablecoins now and this has a positive effect on the image of cryptocurrencies.

[BobK71]

Covid-19 is not a reason for dumping crypto currency . This is the nature of crypto currency as well as any trading platform. we saw that during covid-19 first weave crypto market get bullish trend.