RE: Bitcoin & Crypto Remain Strong…
…while the global financial markets are shaken by the coronavirus…
Coronavirus Fear Shakes Up Markets, But Crypto Remains Unaffected
“The impact of COVID-19, better known as the coronavirus, has finally started to hit financial markets in a big way, but crypto has remained relatively stable for the normally volatile asset class.
It’s caused the stock market to tank, but safe-haven assets like gold to surge. But what might this mean for Bitcoin and the rest of the crypto market once volatility resumes?
COVID-19, or the coronavirus as its widely known, is having a dramatic effect on the entire globe, from the fear felt by everyday citizens knowing a possible pandemic is on the horizon, to causing financial markets to tumble.
The first signs that the virus could cause markets to crash, was following news that Apple couldn’t keep up with the supply of its flagship iPhone due to closure of production facilities due to the outbreak.”