Bitcoin
BTC$61 099.21

-0.30%

Ethereum
ETH$4 083.71

2.56%

Binance Coin
BNB$480.67

-0.49%

Cardano
ADA$2.15

0.02%

Tether
USDT$1.000558

0.07%

Solana
SOL$198.35

-4.94%

WHO officially classified coronavirus as a pandemic


11 Mar 2020

#Bitcoin

The World Health Organization, or WHO, just officially classified coronavirus as a pandemic. At present, it is unclear whether Blockchain markets will be negatively impacted by this news, or provide safety from the storm.

Officially known as COVID-19, the WHO said coronavirus has spread enough globally to warrant classification as a pandemic, CNBC reported on March 11.

“In the past two weeks the number of cases outside China has increased thirteenfold and the number of affected countries has tripled,” Dr. Tedros Adhanom Ghebreyesus, the WHO’s director general, said at a press event, CNBC noted. “In the days and weeks ahead, we expect to see the number of cases, the number of deaths and the number of affected countries to climb even higher,” Ghebreyesus added. 

Crypto may have helped avoid virus spreading


There may be reason to believe that Bitcoin and other digital currencies could help to stem the spread of COVID-19 amongst users.

Cryptocurrencies, made famous for their digital method of value transfer, do not necessitate the handling of fiat cash — paper government debt notes that often carry germs from one person to the next. The digital and decentralized nature of the industry means that the blockchain space is not an inherent breeding ground for viruses. 

Additionally, many projects within the industry function remotely — or, at least, with remote potential — allowing workers to avoid the spread of germs. This allows many Blockchain companies to continue contributing to the economy in a way that workers in other sectors cannot. 

Assets might not escape value decline 


On the other hand, crypto assets could fall in value as a result of the newly-termed pandemic. Bitcoin and other decentralized assets have seen a sizable decline in the face of falling mainstream financial markets. A connection arguably exists between declining traditional market prices and the coronavirus. 

Falling traditional markets also may have affected crypto prices as investors flock to more stable assets, according to experts. 

If Bitcoin can decouple from the situation at hand, however, it may help the asset become a global hedge option for people facing financial crisis around the world.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 60.8% 76 $61 099.21 -0.30% 0.74% $1 151 847 643 802 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 68.4% 57 $4 083.71 2.56% 4.82% $482 065 073 371 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 72.4% 60 $480.67 -0.49% 2.62% $80 176 884 535 BNB 7 days price change
4 Cardano (ADA) ADA Cardano predictions 90.8% 12 $2.15 0.02% -2.34% $70 880 156 335 ADA 7 days price change
5 Tether (USDT) USDT Tether predictions 96% 1 $1.000558 0.07% 0.05% $69 612 945 849 USDT 7 days price change
6 Solana (SOL) SOL Solana predictions 71.6% 54 $198.35 -4.94% 24.11% $59 667 119 730 SOL 7 days price change
7 XRP (XRP) XRP XRP predictions 70.8% 52 $1.088126 -1.24% -5.66% $51 083 527 283 XRP 7 days price change
8 Polkadot (DOT) DOT Polkadot predictions 63.2% 79 $43.69 -1.31% 2.76% $43 145 201 356 DOT 7 days price change
9 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $1.000801 0.06% 0.09% $32 549 535 289 USDC 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 70% 56 $0.246378 2.64% 3.03% $32 476 171 822 DOGE 7 days price change
11 Terra (LUNA) LUNA Terra predictions 68.8% 65 $42.80 -0.97% 15.22% $17 186 220 177 LUNA 7 days price change
12 UniSwap (UNI) UNI UniSwap predictions 74% 48 $26.39 2.35% -4.01% $16 144 167 003 UNI 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 69.6% 65 $65.39 -2.19% 9.22% $14 404 285 656 AVAX 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 76.4% 47 $30.80 7.06% 9.07% $14 200 072 797 LINK 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 63.2% 75 $61 145.48 -0.24% 0.77% $13 561 619 013 WBTC 7 days price change

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