Key Takeaways
According to the local news in China, Covid-19’s new variant is spreading like anything and recreating the situation of fear among the citizens of China
People had more than enough time to get bored of social media and explore newer concepts. This has made cryptocurrency one of the easiest modes of investment during the lockdown
Covid-19 for last two years but the virus never left us completely.
According to the local news in China, Covid-19’s new variant is spreading like anything and recreating the situation of fear among the citizens of China.
As per the announcement of the National Health Commission of China, over 40 thousand patients of Covid-19 cases were reported in a single day, out of which over 36 thousand patients never showed any symptoms of having the virus.
This had been the fourth consecutive day, setting new records for the total number of identified Covid-19 patients. As per the experts, the cases are most likely to increase with time unless strict actions are taken by the administrations are taken and implemented without delay.
However, these conditions in China come with fear to the whole world as the situation could replicate the conditions of 2020. The year Covid-19 hit the world, it was the same year Bitcoin and other blockchain-based assets gained significant attention from the whole world.
People had more than enough time to get bored of social media and explore newer concepts. This has made cryptocurrency one of the easiest modes of investment during the lockdown. As a result of this trend, crypto markets went wild, touching the skies that no investors have ever thought of.
The hell broke lose again in the world in the form of the second Covid wave but the crypto market trend continued and lead the market to its all-time highs. The more people got time to read and learn about the concept of decentralization, the rise in the total number of crypto investors was recorded.
Now when a leading world economy is undergoing a Covid wave, it is fair enough to ask if this would unleash the crypto market and break the lasting winter. The markets are run by sentiments and as per the past track record of cryptocurrencies, the market has seen a steep surge in its demand.
CoinGabbar is closely monitoring both the geopolitical and the economic side of the picture and we are committed to keeping you updated about everything happening in the blockchain world. To keep reading about such interesting topics, keep following CoinGabbar.
Also, Read - Is Hefty Fine on Meta a necessary solution for Data Breach?
