Jan 30, 2020
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Coronavirus Might Be Brutal For Bitcoin

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Coronavirus has now seen a more rapid pace of transmission compared to the SARs outbreak. This is a serious development, one that will have important implications for the stock market and therefore for the cryptocurrency market. The near-term outlook of the stock market has been affected by all this and we have seen the S&P 500 (SPX) begin a downtrend. We know from the trading history of BTC/USD that every time we have seen a major downtrend in the stock market, the price of Bitcoin has followed and crashed as well. 

 

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