The coronavirus hasn’t been all that beneficial to Bitcoin and other cryptocurrencies as of yet. After triggering an initial crash, returning to values prior to that event has proven to be virtually impossible. All financial markets have suffered due to the global coronavirus crisis. Will the Coronavirus Boost Bitcoin? Stocks have crashed hard and are still trying to recover at this time. Savings account interest rates remain at an alarming low, and will soon enter negative territory globally. Even Bitcoin, the world’s leading cryptocurrency, lost over 50% of its value in very quick succession. Although that market has recovered somewhat,
The post Ryze Expects the Coronavirus Fallout to Stimulate Bitcoin’s Price appeared first on The Merkle News.
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