The Corona virus has a great impact in the world in this moment and cryptocurrency are included in its influence. In fact in the last week the price of every cryptocurrency is strongly down. The fear of this new virus has brought down the price of world stock exchanges in the last few days and this has also fallen on Bitcoin and then on every virtual money.
The epidemic also affects international trade, with the forecast for a further decline in early 2020 after an already negative end of 2019. In the fourth quarter of last year in the G20 - reports the OECD - exports (in dollars) decreased by 0.1% and imports by 1.3% compared to the previous three months and have now been at their lowest levels for two years . Indications of significant disruptions, especially in Asia, of production chains due to the Covid-19 epidemic suggest that the downward trend will likely continue in the first quarter of 2020. All North American G20 economies have experienced a contraction in international trade in the the last quarter of 2019. The country most affected is Mexico, with Canada and the USA also falling. The main European countries have gone a little better, with exports growing in France (+ 1.1%), Italy (+ 1%) and Germany (+ 0.2%). Imports, however, decreased both in France (-0.8%) and in Italy (-2.3%), while they recorded a slight recovery in Germany (+ 0.2%).
It is not easy to predict what will happen in the coming weeks, but surely there will still be a stalemate in which the value of the cryptocurrency will drop and increase due to the virus, making timing the best weapon for those who own crypto stocks at the moment.
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