Thursday, October 1, 2020
No menu items!
  • News
  • Bitcoin
  • Cryptocurrency
  • Contact Us
More

    Analyst Says WHO’s Declaration Could Drop Bitcoin to $6,400; CZ Binance Says It’s No More a Hoax

    Must Read

    Chainalysis and Integra FEC Are Awarded $625,000 by IRS for Cracking Monero (XMR) Privacy

    According to a report credited to Cointelegraph, the blockchain analytics firm Chainalysis and a Texas-based firm, Integra FEC, have...

    Eligibility of David Schwartz to Free Spark Tokens Questioned: Ripple CTO and Flare Clear the Air

    The snapshot of XRP Ledger for the widely publicized Spark tokens is slated for 12th December 2020. About 1.5...

    Early XRP Bull Who Benefitted from 50,000% Rally Speaks On How to Spot Parabolic Runs Before They Occur

    A popular XRP investor, who has been part of the crypto community since 2012 and has been bullish about...
    Avatar
    Solomon Odunayo
    Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.




    A cryptocurrency analyst, Charles Edwards, has recently averred that $6,400 price region should be expected for Bitcoin (BTC) as the World Health Organization (WHO) declared the ranging coronavirus a pandemic.

    Also, the CEO of Binance CZ (Changpeng Zhao), while reacting to Anthony Pompliano’s announcement regarding the trending declaration of WHO, said it’s no more a hoax like it was initially difficult to accept the danger in the widespread of COVID19.

    Initially, COVID19 had been downplayed by some governments, especially the government of the United States. They tried to avoid the fact that it’s a pandemic. This was a measure taken to save the already affected global economy.

    The stock market and cryptocurrency market are faltering, and there could be more downtrends as the World Health Organization finally bowed to the negative effect of coronavirus and declared it a pandemic a couple of hours ago.

    Reaction of Bitcoin (BTC) and Other Cryptocurrencies to WHO’s Recent Declaration

    Before now, news outlets that tagged the outbreak as pandemic had been rebuked, terming their assertions fake news.

    Bitcoin (BTC) and other cryptocurrencies in the market have been reacting negatively to WHO’s pandemic declaration.

    Other top 20 digital currencies, except the stablecoins, have been down by at least 7%. Only the Bitcoin price is still down by 4% over the past 24 hours. At the time of filing this report, BTC is trading $7,496.75, with a 4.68% price plummet based on 24 hours estimation.

    Charles Edward Says Bitcoin (BTC) Price Could Dip to $6,400 Region

    A cryptocurrency analyst, Charles Edwards has quantified the effect of the recent declaration of the World Health Organization (WHO) on the price of Bitcoin (BTC) and other cryptocurrencies in the market.

    As soon as WHO declared the outbreak of coronavirus a pandemic, BTC started losing its important support levels. It’s now trading below $7,500 price level.

    According to the analyst, there is a possibility to see Bitcoin at a $6,400 price region once again, especially if this ugly moment holds until the upcoming halving.

    Charles Edward shared this, “If this recession scenario plays out into the Halving, the December low of $6400 may be revisited soon.”

    CZ Binance says Coronavirus No More Just a Hoax to the Mass Population

    The CEO of Binance, CZ (Changpeng Zhao) has taunted governments and WHO that once tagged the widespread of coronavirus as just a hoax and fake.

    He made this statement while reacting to Anthony Pompliano’s announcement on Twitter, regarding the declaration of WHO.

    He said what was so difficult for the mass population to accept as real news has finally been taken seriously. He, however, implored people not to panic, but rather stay safe.

    “No more “it’s just a hoax”. It’s super hard for a mass population to accept real news, like a deadly virus will spread. People stay in denial. Many of them accept fake news much easier for some reason. No need to panic, but be prepared, and stay SAFU,” CZ reacted.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Chainalysis and Integra FEC Are Awarded $625,000 by IRS for Cracking Monero (XMR) Privacy

    According to a report credited to Cointelegraph, the blockchain analytics firm Chainalysis and a Texas-based firm, Integra FEC, have...

    Eligibility of David Schwartz to Free Spark Tokens Questioned: Ripple CTO and Flare Clear the Air

    The snapshot of XRP Ledger for the widely publicized Spark tokens is slated for 12th December 2020. About 1.5 billion XRP from over 20,000...

    Early XRP Bull Who Benefitted from 50,000% Rally Speaks On How to Spot Parabolic Runs Before They Occur

    A popular XRP investor, who has been part of the crypto community since 2012 and has been bullish about the bankers’ digital token from...

    IOTA Implements Mana to Defend Against Sybil Attacks

    IOTA Foundation has implemented Mana, a new reputation system that is integrated into pollen, to defend against Sybil attacks. A blog post that explains...

    Cardano (ADA) You Keep On Crypto Exchanges Don’t Belong To You –User Buttresses His Viewpoint

    A supposed Cardano investor has recently averred that any ADA holder that chose to keep his/her holdings on cryptocurrency exchanges has little control over...

    More Articles Like This