The crypto market is at risk because of Covid-19

[ShadowCrypto]

I don't think so, Covid is making the coins not going up so much, like a new bull run, but the cryptomarket is being one of the best options against the fiat money inflation, almost all countries are suffering from that and well, cryptos are not getting worthing less due to covid.

[tervel]

The initially positive correlation between the spreading virus and a rise in market cap and volume in crypto implies that, at first, traders viewed crypto as a reliable source of liquidity and an effective safe-haven asset.

[blue]

I think the pandemic situation didn't affected the cryptomarket still the cryptomarket growth is increasing at the past three months cryptomarket growth is significantly increased many top altcoins are moving to up in fact cryptomarket is going in good condition this is the better than other stock exchanges.

[Tnoy30]

Covid-19 is spread all over the world. Despite the strong economies of many countries, they are under threat. The economies of developed countries such as the United States, the United Kingdom, Italy, France, Australia, Canada, Singapore, etc. are now under threat. The United States, United Kingdom, Italy, France, Australia, Canada, Singapore etc countries are very developed. They don't like crypto where their economy is under threat. But I don't know their internal news but I believe there will be something good going on in cryptocurrency.

[shadowdio]

Seems the crypto market is not affected, I also thought before that covid19 can damage in crypto market but now seems it shows strong, the price of bitcoin is not affected. What more if there is no pandemic maybe bitcoin can reach $20,000 again.

[Lorix]

covid - Infected all over the world. But the crypto market is not affected or infected by the virus. Yes, the economies of all the developed countries of the world are now affected. I have learned that the economies of developed countries like USA, UK, Italy, France, Australia, Canada, Singapore etc. are now under threat. I came to know about this in a report a few days ago. However, experts have discussed this in detail. However, China says its economy is still active. I do not believe this. Because of the origin of the virus from their country. Of course their country's economy is infected by the virus.

[Jaephoenix]

I don't think Covid is having much of an impact on cryptourrency business, if any. All the meetups are via video meetings, and much of the transactions are via codes. So what's the fuss?

[monig18]

But in these days of covid-19 market is showing up movements. some coins are 2x ,some are performing upward movements.

[juv3ntus1]

The crypto market was affect by the Covid-19  virus only for a short period around on middle of March but the market recover very fast and more that , now are some coins who gains a nice profit .

[babu10]

Covid is one of the most developed countries in the world - 19. As a result, the economy has changed drastically. The economies of developed countries like United States, United Kingdom, Italy, France, Australia, Canada, Singapore etc. are now under threat. The economy is now almost over. In one report, I learned that China says its economy is strong. They said their economy is now active. All businesses have been shut down. However, in some countries the lock down has been relaxed. Many crypto projects have been shut down indefinitely. As a result, I think the crypto market is under threat. Express your views on this.

I think this is your bad imagination about market. After nCOVID market goes up and maximum campaign going successful in this time where hunters and investors earnings money except 2/3 scam projects. From 4k$ to 10k$ near BTC market in this pandemic situation so we can hope for crypto market more and more as more people engaged in this crisis season.

thanks.

[Prime]

The positive side is many more people now know about the existence of the cryptocurrency. We all know that many programs lead people to know and use crypto as digital asset in order to cut off the spread of the virus. However, on the negative side, this virus really makes the financial system so bad globally. this also gives negative impacts to the crypto world.

[Tanimariya]

Yes, the economies of developed countries like USA, UK, Italy, France, Australia, Canada, Singapore etc. are now under threat. But even after their country's economy has deteriorated, many countries do not want to accept that their economic situation is stagnant. Many crypto projects are closed indefinitely. They have misappropriated money by investing in covid. But I think cryptocurrency is not under threat. All businesses are closed, but crypto business is open.

[Vir]

Well, the price of the cryptocurrency has always been very volatile, and it is obvious that a lot of waiting for the price of the same bitcoin during a pandemic. But fortunately, during the corona, the price was only rising, which shows the strength of cryptocurrencies compared to current economies. Also, interest in cryptocurrencies grew. Many people stayed home because of quarantine and decided to trade cryptocurrencies, thus provoking a slight increase.

[Delgboke]

Regarding to this those that died because of covid_19 I was thinking that most of them has left their crypto wallets and believe that nobody knows the wallets were they store the coins they have before the sudden death caught them on aware this time we are in supposed to be the time people should adopt crypto because of covid _19.

[tinakoya]

The world is going through a deep crisis today due to the epidemic caused by the COVID-19 virus. Millions of people are being affected, dying, many are losing their jobs and becoming unemployed. The whole world economy has collapsed. Even the developed countries of the world are struggling to meet the basic needs of their people. Despite all this, it has not had a significant impact on the cryptocurrency market. So I don’t think the crypto market is under threat. However, it is true that the lack of investors in new projects was still there even before this ongoing epidemic.

Exactly! There is more usecases for blockchain technology now, this COVID-19 virus has exposed the so called traditional businesses/banking systems. Also because crypto projects team could work remotely mostly hence no need for panicking a negative effect