Will CoronaVirus Impact the Bitcoin Price?
This is the sort of question that appears when every time Bitcoin price surges and drops significantly and apparently out of nowhere some analysts, experts directly associate such questions with anything like the US-Iran tension, Hong Kong protest, and so […]
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
This is the sort of question that appears when every time Bitcoin price surges and drops significantly and apparently out of nowhere some analysts, experts directly associate such questions with anything like the US-Iran tension, Hong Kong protest, and so on. Now, again some are trying to insert the coronavirus in BTC price growth. Will CoronaVirus Impact the Bitcoin Price? Let’s take a look at it.
>> You like trading? Then come into our trading group and discuss with us<<
Bitcoin Price and the coronavirus
Well, the reality is Bitcoin price can grow and its price rise with or without disasters, accidents, and violence. Also, it is too early to tell anything at this stage. Primary research states that this could be a bigger problem. But, China understands it and has already started working on stopping it from spreading more.
Coronavirus can’t influence the bitcoin price action but the confusion and chaos it is creating, people will try their best to save any wealth they have especially those in the most affected area of the said virus and that’s where the role of bitcoin comes in. Bitcoin is one of the biggest methods to save money because it’s very accessible to anyone and simple to use. If you closely observe this theory then BTC price will have a high demand and will result in growth. That is how this kind of perplexity is somewhat associated with bitcoin price.
This world disease has nothing to do with the Bitcoin price. Most people who lack fundamental knowledge are a fan of exaggerated news correlating almost everything with BTC price. What we perceive is simply a normal price change since Bitcoin was pumping recently and it’s just natural to notice a dump after that because there are traders.
Bitcoin is a safe asset
The Bitcoin price crash has caused a pump. Some people know how to spread panic and some people are buying in. The fact is people expect miracles and this is not a good sign.
The crash has indeed shocked everybody but that’s how life runs unexpectedly. Bitcoin isn’t dependent on that news simply. Yes, this year has seen a good start for the Bitcoin and altcoin market but that doesn’t mean the market crash is due to this virus outbreak. Price can be volatile and this isn’t alone the more serious event that hits it.
Related articles
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
September 25, 2019 3:11 PM
Bitcoin and other cryptocurrencies crashed – Reason?
While 2019 has usually been a fabulous year for the Bitcoin price, those who have been following the cryptocurrency market for the past week have noticed a diverse story unfold. The value of the world’s oldest and most successful cryptocurrency […]
February 28, 2024 3:26 PM
Bitcoin Surge to $60,800! Is all time high Coming?
Discover why Bitcoin is surging past $60,000 and its potential to set new records, amidst investor excitement and market volatility.
August 9, 2023 11:29 PM
Ethereum Price Prediction: Will ETH FINALLY Breach $2,000 for GOOD?
Ether prices took a hit. Was it day traders taking their profits? Let’s explore the trajectory of Ethereum in this Ethereum price prediction.
March 12, 2022 1:13 PM
Why is Bitcoin Price increasingly Correlated with the Stock Market?
Bitcoin vs stock market? Let's tackle the reasons that contribute to why the Bitcoin price is increasingly correlated with the stock market.
February 17, 2021 11:01 AM
Don’t Buy Bitcoins right now, here’s why
ust three months after reaching $20,000 for the first time ever, Bitcoin hit another impressive milestone, climbing above USD 50,000 for the first time ever yesterday. After hovering at $10,000 for most of 2020, Bitcoin has more than quadrupled its value since October 2020. Over the past 24 hours, the crypto market is mostly recovering from a red day, as the majority of the top 10 cryptos were deeply in the red. Although Bitcoin's price is seen soaring high, there are several reasons why it is better NOT to buy Bitcoin at current prices, not because we don't like Bitcoins, but because...well that's what we're going to discuss in this article:
August 17, 2020 4:34 PM
BTC Price Analysis: Bitcoin Price Passed 12K
The Bitcoin price has finally touched a $12,000 mark. The price was stuck in $11,900 and was almost showing lazy movement in the past 48 hours. At the time of writing this, the BTC price is sitting at $12,160.73 (+2.50%). Let’s […]
April 9, 2019 7:49 AM
Why Crypto Volatility is Significant in the Cryptocurrency World?
Cryptocurrency market is full of surprises. Cryptocurrencies aren’t much distinct from other assets in that their rates are directed by the laws of supply and demand—if people want to purchase, prices rise; if people want to trade, prices decline. The […]
May 20, 2024 11:17 PM
Bitcoin Price Reaches 70K,Why Is Bitcoin (BTC) PRICE UP?
With BTC surpassing the $70K a while ago, a downtrend was kicked off. And everyone can't help but wonder, how low will it go? And what will the next adjustment price be for BTC?
March 10, 2024 6:01 PM
Will Bitcoin Fall in the next couple of days?
Explore Bitcoin's volatile journey, from dramatic highs to recent falls, and what future trends may hold for investors. Simplified insights for everyone.
February 26, 2023 6:23 AM
Top 5 Cryptocurrencies Of The Week – Week 8
This article is all about the top 5 cryptocurrencies that performed well in the last seven days. Let's take a look at it in more detail.
January 29, 2023 7:50 AM
Top 5 Cryptocurrencies Of The Week – Week 4
This article is all about the top 5 cryptocurrencies of the week that performed well in the last seven days. Let's take a look at it.
June 19, 2022 10:39 AM
Top 5 Reasons why Bitcoin Price Fell Below $20,000
Why Bitcoin fell below 20000 dollars? In this article, we give a refresher on what happened since the beginning of the crash till today.
July 19, 2020 3:12 PM
The Top 5 Cryptocurrencies of the Week
The cryptocurrency world is full of surprises. Bitcoin price is not showing much improvement but some projects are currently experiencing a lot of hype. The altcoins performed well and are showing promising improvements. The following are the top 5 cryptocurrencies […]
June 24, 2019 7:39 AM
Bitcoin rises sharply – what are the reasons?
It’s clear to everyone now that Bitcoin is here to stay. The father of all cryptocurrencies is observing some strong gain. With explosive power, last week Bitcoin managed to jump over the psychologically important $ 10,000 hurdle and now seems […]
October 18, 2023 2:52 PM
Bitcoin Price Prediction: Will The Bull Run Continue?
Bitcoin price prediction: The crypto market recently experienced a surge in prices, largely attributed to the news of the Bitcoin ETF.
November 7, 2022 5:43 PM
Bitcoin Prediction: Can Bitcoin Price reach $60,000 in 2023?
In this Bitcoin prediction article, we analyze whether the Bitcoin price can soon reach a price of up to $60,000 again.
December 22, 2017 10:07 PM
Bitcoin: Correction or Crash?
Over the last few days, the price of Bitcoin has been going downhill ever since the bearish valuations at the launch of CME’s Bitcoin futures last Sunday. Taking a $3,000 plunge due to the introduction of Bitcoin Cash to Coinbase, […]
April 30, 2024 2:52 PM
What Bitcoin Strategy yields $400M in Profits?
A Bitcoin Strategy adopted by a major company's co-founder reported to have earned him $400M in profits: Fact or Fiction?
October 24, 2023 4:13 AM
Bitcoin News: Bitcoin Jumps 12% to Hit $34k in a Day!
Bitcoin's price makes a big leap, reaching $34,000 in just 24 hours. Discover the key events in the crypto world that fueled this impressive rise.
November 8, 2023 11:20 PM
Ethereum Price Prediction as the Market Stagnates…Will ETH GO UP?
Ethereum increased by more than 20% in the past 2 weeks. Will Ethereum price go higher? Let's analyze in this Ethereum price prediction.
April 28, 2023 10:01 AM
Big Bitcoin News: Can Bitcoin Price Reach $50,000? Check These Five Reasons
The important question is whether Bitcoin price to reach $50,000 soon or not. Let's take a look at the five reasons in more detail.
May 24, 2022 7:31 PM
Bitcoin price hovering around $30,000 is GOOD! Here’s why
The Bitcoin price consolidation at $30,000 should be seen as a positive thing. In this article, we explain why Bitcoin prices should go up.
April 8, 2022 7:14 PM
Terra LUNA Price reaching $150 soon?? THIS Chart confirms it…
Should you BUY LUNA? We at CryptoTicker are giving you a new Terra Luna price prediction to assess the current situation. Check it out.
May 26, 2020 12:37 PM
Bitcoin Price Analysis: Is BTC Price Recovering?
The Bitcoin halving event is just a few days away. The Bitcoin price is already showing a slight recovery after a considerable decline. Is this the perfect time for a rally above $10,000 and towards the all-time high at $20,000? […]
December 13, 2023 1:27 PM
Understanding the Recent Crypto Market Drop
Find out why the crypto market went down and then back up again, focusing on Bitcoin and Ethereum's quick bounce back.
More from CryptoTicker