The SARS-CoV-2 coronavirus pandemic has left a significant footprint on the global economy. For this reason, it had a substantial impact on the behavior of all financial instruments, including cryptocurrencies. It turns out that the fluctuations experienced by the virtual currency market during this period reflect changes in other capital and commodity markets. This market has also shown relative stability during this difficult time. It is another proof that cryptocurrencies can be treated as a mature and full-fledged financial instrument.
Bitcoin prices rallied this morning, surpassing $12,000 and attaining their loftiest value since late last Summer. The cryptocurrency reached $12,198.17 around 10 a.m. EDT, after spending the last few weeks fluctuating primarily between $11,000 and $12,000, CoinDesk figures show. While bitcoin managed to rise above $12,000 today, we need more data before concluding that the digital currency…
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