Bitcoin price will continue to show irregularities

Given the current situation, due to the viral outbreak in the world, the different economic markets will continue to be affected as time passes

This week the price of bitcoin has shown great irregularities, to the point of recently falling below $ 8,000.

Currently, the world economy is being greatly affected by the coronavirus outbreak. Analysts are working to try to reduce the irregularities of the crypto market.

The analyst of the Cointelegraph Markets portal, filfilb, issued his comments regarding this situation.

“Bitcoin has never had to deal with something like this, it is a truly global problem. We must expect bitcoin to perform poorly in correlation with the indices and we must expect it to behave in a way that we have not seen, even in difficult times,” he assured through the Telegram network

This was not just a matter of the cryptocurrency market, since governments around the world, hand in hand with the International Monetary Fund, could inject cash into countries to alleviate the consequences of the panic seen today.

If no action is taken, the world would face a repeat of the 2008 financial crisis, the IMF warned on Wednesday.

K. Tovar

Source: Cointelegraph

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