Trump gets Covid and we Crash?

[Bagiira]

Like holy hell what a ride the past day has been with the bitmex stuff and now the POTUS getting covid with the first lady (they say) Everything is taking a dump.


Buy the dips though.

I think bitcoin shouldn't go below $ 10,000. Trump or another politician can only have a short-term impact on Bitcoin , in which billions of dollars are invested.

[3meek]

I don't follow the news, but Trump is probably cured of COVID, since bitcoin has gone up again! Thank you Trump!

In fact, all this news strangely appears at the right moment... And someone uses them successfully!

[MainIbem]

Being that the crypto market now is widely adopted as an investment option, there is the possibility of it responding to such situations. Most investors are wary of the economic implications of a Government response to situations that call for change in government programs.

[glowing10]

I am not really sure if the positive Covid test of Trump to make Bitcoin price drops or bearish on the crypto market. The Crypto market isn't owned by US government or Bitcoin price never follows US regulations. Moreover, traders or investors come from around the world, not only from the US. So, how can it make impacts on the crypto market? If there is a temporary drop in the market, some people may be playing with the FUDs.

It does not have to do anything with Trump getting positive and crypto falling. From yesterday the prices of bitcoin have started to rise ad after some time it has crossed 11k levels. Currently above 11350$ price and this clarifies that it should not have risen if it was liked to Trump’s case. Hope the prices continues to keep rising and achieve a new milestone.

[Crypto_lion]

Like holy hell what a ride the past day has been with the bitmex stuff and now the POTUS getting covid with the first lady (they say) Everything is taking a dump.


Buy the dips though.

Actually we didn't see that much of a dip as it was expected, both in the stock markets as well as the crypto currency markets. Maybe the markets have stopped reacting to corona virus now as it has been there for almost half a year. It's like the market has adopted to the virus.

[Janation]

Like holy hell what a ride the past day has been with the bitmex stuff and now the POTUS getting covid with the first lady (they say) Everything is taking a dump.


Buy the dips though.

Actually we didn't see that much of a dip as it was expected, both in the stock markets as well as the crypto currency markets. Maybe the markets have stopped reacting to corona virus now as it has been there for almost half a year. It's like the market has adopted to the virus.

The price fell and pumped during the pandemic.

Saying that, I don't think that we can actually see a correlation to these two since an economy and the stock market could be affected but Bitcoin and other cryptocurrencies are different. Going to the topic, I don't even think that the President and the first lady would be a cause of a dump as there are a lot of things that happened and I know for sure that this is just coincidence.

[Gotumoot]

Trump doesn't control the price just like anyone else.
Don't try to connect everything to BTC price movement because not everything have effect on crypto price.