{"id":562519,"date":"2020-07-10T12:56:07","date_gmt":"2020-07-10T10:56:07","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=562519"},"modified":"2020-07-10T12:56:07","modified_gmt":"2020-07-10T10:56:07","slug":"bitcoin-btc-crypto-briefly-knocked-down-by-new-covid19-cases","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bitcoin-btc-crypto-briefly-knocked-down-by-new-covid19-cases\/","title":{"rendered":"Bitcoin (BTC) & Crypto Briefly Knocked Down by New COVID19 Cases"},"content":{"rendered":"
In brief:<\/strong><\/p>\n In the last 48 hours, Bitcoin (BTC) and the entire spectrum of digital assets have suffered a setback in the crypto markets as new statistics indicate that global COVDI19 infections are continuing to increase. At the time of writing this, the global confirmed cases of the Coronavirus now stands at 12.2 million.<\/p>\n Yesterday, the U.S set a one-day record<\/a> with over 60,000 confirmed new cases. Furthermore, the rise in infections has had an impact on the stock market on fears of new lockdowns to curb the spread of the pandemic.<\/p>\n Checking the charts, the S&P 500 and the Dow Jones Industrial average were hard hit<\/a> by the news of new infections. As a result, Bitcoin, Ethereum, XRP and the entire cryptocurrency spectrum were also briefly knocked down in the markets by the news.<\/p>\n Since the news broke, Bitcoin’s journey above $9,500 was halted and the King of Crypto dropped to the $9,150 support area and is currently trading at $9,133. Additionally, Ethereum’s attempt at breaking $250<\/a> was cut short by the news and dropped to the $232 support area. ETH is now trading at $238.<\/p>\n\n
Bitcoin, Ethereum, XRP and other Cryptocurrencies Suffer a Pullback<\/h2>\n