RATE Group | Coronavirus will either kill Bitcoin or make it stronger
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Coronavirus will either kill Bitcoin or make it stronger

27 Mar Coronavirus will either kill Bitcoin or make it stronger

Posted at 15:28h in Bitcoin News by

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  • The financial markets remain a treacherous place for now.
  • Bitcoin has yet to demonstrate its real purpose.
  • The technical picture implies further decrease within a wide range.

Bitcoin is about to finish the second positive week in a row. The first digital coin has recovered from $5,680 and came close to psychological $7,000 during the week. Bitcoin’s market capitalization has reached $12.3 billion. which is 65.2% of the total cryptocurrency market. Its average daily trading volumes reduced to $36 billion from over $50 billion at the end of the previous week.  

What’s going on on the markets

As the deadly coronavirus is spreading around the globe, claiming more lives every day, the countries are forced to introduce blanket quarantine policies and urge citizens to stay at home. Major economies are slowly grinding to a halt, while economic indicators suggest that the global recession is inevitable.  

However, the global financial markets managed to regain…

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