Cryptocurrency

Breaking News of the week: coronavirus, the price of bitcoin and increase the volatility

Among the information most notable of this week are related to the collapse of the market in virtue of the expansion of the coronavirus COVID-19 and the statement of this disease as a pandemic by the World Health Organization (WHO). On this, an analysis of the signature Santiment revealed that when the words coronavirus and COVID-19, are the trend, the price of bitcoin drops significantly. Meanwhile, the implied volatility of Bitcoin increased from 55% to 65%.In these seven days, bitcoin (BTC) registered a fall more drastic 2020 and its price collapsed to reach USD 4,700 on the 12th of march. The value of the criptomoneda recorded a loss of close to 40% in 24 hours and more than 30% in a week. At the time of writing this article, BTC is priced in USD 6.410, as was reflected in the market price of Latin america and Spain, according to the price calculator of Breaking News.With Breaking News, interested parties can keep up to date on changes in the market prices of bitcoin, ether, bitcoin cash and litecoin, with relation to your local currency. To do this, you can visit the section of the Market is Latin, which has a pricing calculator to perform conversions quickly and easily to your national currency.

These are the news highlights:

An analysis of the signature Santiment revealed that when the words coronavirus and COVID-19, are the trend, the price of bitcoin has fallen significantly. The company made a follow-up of the two terms, from December 2019, when there were almost no mentions, until march of this year, through four communications platforms: Telegram, Discord, Reddit and chats of professional traders. Therefore, ensures that the widespread fear has had an effect undeniable in the quotes of the cryptocurrencies.The implied volatility of bitcoin has been skyrocketing, and it is a blessing to some of the main investors in the world. Bitcoin has increased its volatility 55% to 65% from the march 8, at midnight, according to data provided by the Skew. This parameter, known as the “implied volatility”, assesses the expectation that you have a market on the variation of price of a particular asset over the next month.The fall experienced by the market of cryptocurrencies had the night of Thursday, march 12, a new downturn critic that pushed the price of bitcoin below the $ 5,000 for the first time in almost a year. The global expansion of the coronavirus COVID-19 would be pushing the prices down. On this day, other markets have seen equally losses. The ounce of gold had losses exceeding 4%, the Brent crude oil lost more than 8%, while the WTI, the highest rate for the north american market, dropped more than 6%.At least two of the main exchange house of cryptocurrencies, BitMEX and Gemini, stopped briefly between the 12 and 13 march, as did the volatility of the market. Gemini was out of line for about 45 minutes Thursday night, while BitMEX said she had a “hardware problem” with your service provider in the cloud. The market downturn also did that on this last platform is made payouts for a value of USD 702 million, the highest amount recorded in 16 months.Just two months to the halving of Bitcoin, the reduction will be the reward mine 12.5 BTC to 6.25 BTC, the expectations for the event are high. The mining industry is prepared for the event with new equipment and reduction of staff. Also the market and the analysts are expectant about possible repercussions on the price, based on movements that occurred in the halving above.If you want to know the meaning of several words from the terminology of the criptomundo, you can reference the extensive Glossary of Breaking News.

Market: in economics, the market refers to the total set of transactions, or exchanges of a particular good or service made between individuals. That is to say, all purchases, sales, changes of X currency, item, commodity, etc

Criptotutorial of the week:

Amazon can be a great place to find good deals on everything from books to smartphones. Purse.io, an online platform, allows you to perform buying in Amazon, provides discounts, as long as you pay in bitcoin.

Podcast of the week

Satoshi”s Games has become the reference in gaming, retro style, with the plus of to teach how to use Lightning Network not only for the bitcoiners, but to people completely new to the ecosystem. And … did we Mention that you can earn satoshis in the process? Carlos Roldán is the founder, developer and CEO of this project.