Does Corona virus effect bitcoin price

[WhiteHouse]

The Covid alarm has substantially affected the worldwide economy and monetary business sectors, constraining numerous organizations to close their entryways and causing resource esteems to decrease. Advanced monetary forms have likewise been influenced, falling in worth and subsequently moving similar way as more customary resources.

While numerous experts have depicted Bitcoin as a place of refuge during seasons of international vulnerability, its conduct during the pandemic subverted this discernment as the computerized cash's cost moved similar way of stocks. This action filled questions about Bitcoin's utilization as a diversifier, as it lost worth right alongside more conventional resources. Then again, its move in similar heading as stocks may have basically been a transitory event.

 

[Aumeabbas]

Do you think that there is a relation between bitcoin price and corona virus or not ?

I think there is not corona risk or effect on bictoin.because its a virtual money. While corona moves in socities and surroundings.so there is no affect on bitcoin

 

[Dubai]

Yeah, the covid 19 pandemic caused by the Corona virus has great effect on not just the boot in but on every other crypto currencies. It even affected the oil price. This effect could be positive or negative.

 

[REPLICA]

Do you think that there is a relation between bitcoin price and corona virus or not ?

There was a huge price drop during the start of pandemic. But now, it is repeatedly replacing it's all time high now. Few hours ago it replaced it's all time high with 25k. The all time high we were hoping and waiting for.

 

[khaled]

The COVID19 pandemic has impacted the stock markets in the US, India, China, and Europe as well as influencing individuals' socio-economic structure around the world. On the other hand, over the past few months, Bitcoin values have seen a substantially high price. The sudden spike in Bitcoin's value has little to do with the pandemic.

 

[Oscar]

Yes it does, almost every global activity in the financial space will affect the price of bitcoin. People view bitcoin as some sort of new safe heaven where you can hedge funds against any volatility in the stock market as was evident during the covid-19 pandemic.