The COVID-19 outbreak has seen increasing disruption in the financial markets as well as on the political front globally. Be it fiat currency or virtual currency, all of it has taken a toll. The article shares the effects of coronavirus on the global economy. It highlights the effect of the pandemic on major crypto currencies – Bitcoin, Etherium and Ripple. Several initiatives are taken by the crypto community which should be discussed about. And the question which every investor is wondering – Is it the right time to buy crypto?
If you are a trader, crypto enthusiast or an crypto exchange platform owner, this article is your food for thought. The article shares insights on all the above mentioned ideas. Initially, let us understand the impact of coronavirus on global economy.