Author Topic: Effects of Coronavirus (COVID-19) -induced volatility in the crypto market  (Read 297 times)

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The disease has also been seen affecting the world economy along with global health. The traders are facing Coronavirus (COVID-19) -induced volatility in the market. Many are stunned by the fear of the world economy to slow down, which is, therefore, affecting the stock prices to dip down. Reports suggest that the S&P 500 index has gone red with 10% since Jan 2020.

On the contrary, the trading volume of crypto OTC (over-the-counter) has seen a spike. As per a trader, at Chicago’s Althena Investor Services, the market has seen a ‘significant uptick’ when it comes to trade volumes in the last 60 days. The platform specializes in OTC Clients’ services. Many other major crypto exchanges have also reported the same uptick movement in the trade volume in the past weeks.