Apocalypse on the traditional financial markets and for the Bitcoin BTC price which dropped to $ 5,550 / 4,985 euros on Binance today.
An impressive red candle synonymous with the importance of the fall in the BTC price and the financial markets in parallel.
The Ethereum share price fell 28% to 123 dollars / 110 euros.
A real bloodbath for Bitcoin and cryptocurrencies which are for the most part down by 20, 30% or more like the Link price falling by 35%!
Ripple XRP price down 20%.
EOS prices down 24%.
Tezos XTZ price down 30%!
Consequences of US President Donald Trump’s announcements that we discussed in another article today.
All flights from Europe will be banned tomorrow Friday, a decision fraught with economic consequences that have brought down traditional financial markets like the CAC 40 which today lost 10%!
The situation in other countries is also not improving with Italy, which has decided to close all stores in the country except supermarkets and pharmacies.
President Macron is scheduled to speak on television tonight to clarify the situation and perhaps announce further containment measures as is the case in Italy.
China, for its part, announces that things are improving but is now afraid of seeing infected people coming to its country and is therefore taking measures to quarantine those who enter its territory.
The measures taken by Donald Trump against the Coronavirus or Covid-19 are certainly coming too late and will only cause significant collateral economic damage to the airlines or to tourism.
Banning flights from Europe but not from England makes no sense when there are already a lot of cases in England too.
A Donald Trump who tries to make Europe pass as guilty of what is happening in the United States, for not having taken strict measures from the start when he himself even minimized the importance of the virus a few days ago again.
The Bitcoin price is currently around $ 6,100, remains to be seen if the fall has therefore stopped at $ 5,500.
The opening of the US markets has not caused an additional fall so far, but worsening economic data still weighs a sword of Damocles on the financial and Bitcoin markets.
In the event of a severe market crash and a major economic crisis, assets such as stocks or Bitcoin are sold to recover cash and cash.
Bitcoin that does not act as a safe haven as some would like.