Since December 31st, 2019, the disease- Coronavirus (COVID-19) has been affecting thousands of people. The heavy majority of the affected unfortunate people (98 percent) are reported to be from China. Reports reveal that its first outbreak started in Wuhan, Hubei province of the country. The dangerous virus has, by far, caught hold of more than 100,000 cases all over the world.
Reports by the World Health Organization: The WHO (World Health Center) is warning against the sustained transmission of the virus. The hysteria around the virus is also at its peak. On March 4th, WHO Director-General Dr. Tedros Adhanom Ghebreyesus said
“[…] But as you know, even as the Ebola outbreak is winding down, the epidemic of COVID-19 is becoming increasingly complex. There is now a total of 92,943 reported cases of COVID-19 globally and 3,160 deaths. In the past 24 hours, China reported 120 cases. Most cases continue to be reported from Hubei province. Outside China, 2075 cases were reported in 35 countries. Almost 90% of those cases are from just three countries. WHO now has a team on the ground in Iran to deliver supplies and support the government in the response.”
Effects of Coronavirus (COVID-19) -induced volatility in the crypto market
The disease has also been seen affecting the world economy along with global health. The traders are facing Coronavirus (COVID-19) -induced volatility in the market. Many are stunned by the fear of the world economy to slow down, which is, therefore, affecting the stock prices to dip down. Reports suggest that the S&P 500 index has gone red with 10% since Jan 2020.