Remember Covid-19? The virus that brought the world to its knees within months and some of the consequences can be felt four years later?
We will stand aside from the health and economic effects of Covid-19 on the world’s population, and we will focus on Bitcoin instead. Because the primary cryptocurrency slumped hard four years ago today, and the nay-sayers were quick to dismiss it as a viable alternative asset. But they were too quick to judge .The cryptocurrency market was already in a relatively tough spot as it was trying to recover from the 2018 bear cycle.
But then news started to emerge about a mysterious virus coming from China that was spreading like wildfire and was quite deadly. Then it got worse when it was named Coronavirus and reached a few European countries as well as the US in early 2020. Just the opposite, it started to gain traction and was all the way up to roughly $20,000 by the year’s end. It doubled its price within the next month and soared to over $60,000 by April. After a brief retracement in the summer, Bitcoin was back at it again in October and November and charted a then-all-time high of $69,000.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »