Crypto

Coronavirus Can’t Keep Crypto markets Down as Bitcoin Surpasses $7,700 Again

There have been several disturbing consequences to the global coronavirus crisis. One interesting aspect is how most, if not all of the cryptocurrency markets have recovered from the onslaught rather easily.

During the initial stages of the coronavirus crisis, many markets suffered from volatility.

Crypto Markets Recover During Coronavirus Crisis

Albeit this is normal in the cryptocurrency space, things got out of hand fairly quickly. 

Bitcoin quickly dropped by over 50%, and altcoins only suffered from even worse bearish pressure.

Today, that situation looks very different, which is a good thing. 

More specifically, it would appear that the markets have all begun to recover rather nicely.

Related Post

For altcoins, that momentum depends on how the Bitcoin market is evolving at all times.

So far, it seems as the push above $7,500 is only the beginning, albeit it is too early to draw any real conclusions. 

Currently, Bitcoin sits above $7,700 despite the coronavirus crisis being far from over.

Other markets have risen in value as well, albeit it seems as if very little has changed overall.

The coming weeks may prove rather interesting, both in terms of crypto prices and the novel coronavirus

crisis.

No one knows what the future will hold exactly, as anything remains possible.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Top Crypto Picks for 2025: Best Coins and the Hottest Crypto Presale  

Top Crypto Picks For Maximum Growth and the Best Crypto Presale to Watch in 2025…

3 hours ago

Is FX Guys ($FXG) The Next Breakout Coin? Analysts Compare Its Prospect To Solana And Cardano Amid Market Dump

Cardano (ADA) and Solana (SOL) are facing bearish trends due to the overall market dump,…

5 hours ago

The 5 Best Crypto to Invest With BTFD Coin at the Forefront With Festive Deal

The crypto market is buzzing with energy again. Meme coins are back in the spotlight,…

5 hours ago

Insights on BDAG’s 2024 Wins, PEPE Technical Analysis & Aave Price Predictions

Best Crypto Presale — BlockDAG’s 2024 Wins Stack Up! PEPE Technical Analysis & Aave Price…

5 hours ago

Grab the 4 Best New Meme Coins to Invest in Today: Big Discounts, Bigger Gains with BTFD’s Festive Deal!

Imagine this: a market dip so juicy, it’s practically begging to be seized. For savvy…

5 hours ago

Web3Bay Takes E-commerce Further with Decentralized Innovation

Analysts Place Web3Bay at the Leading Edge of Web3 Development Over Chainlink & Polkadot  The…

9 hours ago