The outbreak of Coronavirus around the world has affected everything and shown a negative impact on the cryptocurrency market too.
For the past one week, the whole cryptosphere saw Red. All the cryptocurrencies including the top ones like Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash and all others suffered losses. However, today all digital assets are showing Green.
At present, top cryptos like Bitcoin is up by 22.53%, Ethereum by 22.76%, Ripple by 15.26% and Litecoin by 20.13%.
The forks of Bitcoin i.e. Bitcoin Cash is up by 28.55% and Bitcoin Gold by 28.24%.
Other famous cryptocurrencies have also seen green today. Binance Coin is seeing a hike of 23.41%, EOS is increasing by 20.78%, Stellar by 15.90%, TRON by 19.47%, Monero by 16.84% and Dash by 17.48%.
Here are some other crypto coins that are experiencing major hike in their price:
- Tether by 1.44%
- Tezos by 24.23%
- Ethereum Classic by 16.78%
- IOTA by 37.87%
- Neo by 17.84%
- Cosmos by 31.62%
- Zcash by 16.58%
- ICON by 21.12%
As per the market shown on coinmarketcap, almost all cryptocurrencies in top 100 are reflecting Green. Until 12th March, the crypto market was running well, but on 13th March, prices of all the digital assets in the market decreased abruptly. However, after a week, the market is again showing positive signs as all cryptos are seeing a hike. It is yet to be seen if the market will keep increasing in the coming days or not. With Coronavirus and the World Economy looking for measures to combat this tough time, the market scenario is unpredictable for now. However, the low prices at the moment and slow but gradual growth in the rates presents an opportunity for buyers to start their investment now.
Stay tuned for more Crypto Market Updates, only at PCEX Member.