Bank

Bitcoin ignored market crash amid new lockdown

Navigation

Harry Dent: Stock Market 40% Crash in April, Nothing Can Save You, Bitcoin to Zero, Gold to $1000

Bitcoin ignored market crash amid new lockdown

Bitcoin ignored market crash amid new lockdown
CONTENT

  • Bitcoin watches UK markets fall due to new restrictive measures

  • Despite the deterioration of the situation, financial support from the UK will be less this time

  • European markets have already started to sink due to negative news

International consortium of news organizations developing transparency standards.

Leading cryptocurrency almost did not react to the news about the next lockdown in the UK

The UK government has announced new measures to combat the spread of coronavirus infection, writes CNBC. Mass gatherings, both indoors and outdoors, have been banned in Liverpool from Saturday 17 October.

Lockdown includes gyms, entertainment centers, bookmakers and casinos. The prohibitions are expected to extend to other parts of northern England as well, including Manchester..

Bitcoin ignored market crash amid new lockdown

Join our telegram channel to keep abreast of the main trends in the crypto market.

Starting October 17, London is also moving to the 2nd, “high” level of risk, prohibiting citizens from gathering in groups inside any public and home premises of more than six people.

Source: wikipedia.com

The restrictions are due to the outbreak of coronavirus infection. At the beginning of October, a new record for the incidence was set, when in just one day, October 4, the number of cases reached almost 23 thousand.

Labor leader Kir Starmer has already called for nationwide isolation, as financial support in the UK will be several times less this time despite the increase in the incidence.

Waiting for a collapse

During the first coronavirus wave, Bitcoin dropped significantly (by almost 50%) following the collapse of global financial markets. However, then the collapse was associated in large part due to unexpected international isolation..

Source: coinmarketcap.com

So far, the cryptocurrency market has barely reacted to the worsening coronavirus pandemic. Bitcoin sank only 0.34%, while Bitcoin Cash is still in positive territory. However, the same cannot be said for the traditional market..

Learn how to trade in the cryptocurrency market with BeInCrypto partner – the StormGain cryptocurrency exchange

Bitcoin ignored market crash amid new lockdown

Source: google.com

On Thursday, October 15th, Britain’s leading FTSE 100 Index plunged 2.39% on news of a new lockdown. Following the FTSE, other European stock markets fell.

Analysts at the German financial conglomerate Deutsche Bank have already called for preparations for a worsening situation in the European market, as Italy is also heading towards a repeat of the March scenario.

What do you think? Share your thoughts with us in the comments and join the discussion in our Telegram channel.

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

Share Article

Similar articles

Similar articles