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Saturday, October 3, 2020

TRUMP ANNOUNCES POSITIVE COVID-19, BITCOIN PRICES DROP


   US President Donald Trump has confirmed that he and his wife, Melania Trump, are positive for Covid-19. Following this news, there was a significant decline in US and ASIA exchanges, including crypto currencies.


The examination on Donald Trump follows the positive results of Hope Hicks, one of the US president's closest advisers. The two, last together on a flight from Washington DC to Cleveland, Ohio, were at the first presidential debate on September 29, 2020.

 


After the tweet from his official account, stock exchanges in America declined sharply, followed by the ASIA and Indonesia markets, including the crypto currency market.


The king of the cryptocurrency, Bitcoin, was also affected by this announcement. The reason is, when this article was written at least a 5% reduction in price had occurred.




Response to the Decline in Bitcoin Price


Many people anticipated the fall in the price of Bitcoin. Bitcoin proponents feel that if the largest cryptocurrency by market cap stays above $ 10,000, then expect the market to be bullish afterwards.

  Analysts hope Bitcoin can survive and establish its own value.

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