The Corona Virus Narrative (And Its Influence On BTC)

The Corona virus tightens its grip on all of us as daily news comes out that causes many nations to panic. After the NY Times shared an article with the timeline of the progress of the Corona virus so far, I felt inspired to plot it against the price of Bitcoin. You can find a timeline here, based on the article where you can see for yourself how Corona impacted the price of BTC and how the subsequent panic caused many people to sell their assets. People didn't just sell their stocks, bot they even emptied their crypto wallets.

Here is the timeline again, for your own analyses:
JAN. 11
China reported its first death.

JAN. 20
Other countries, including the United States, confirmed cases.

JAN. 23
Wuhan, a city of more than 11 million, was cut off by the Chinese authorities.

JAN. 30
The W.H.O. declared a global health emergency.

JAN. 31
The Trump administration restricted travel from China

FEB. 2
The first coronavirus death was reported outside China.

FEB. 7
A Chinese doctor who tried to raise the alarm died.

FEB. 13
There were more than 14,000 new cases in Hubei Province.

FEB. 14
France announces the first coronavirus death in Europe.

FEB. 19
Hundreds leave the quarantined cruise ship.

FEB. 21
The virus appears in Iran from an unknown source.

FEB. 23
Italy sees major surge in coronavirus cases and officials lock down towns.

FEB. 24
The Trump administration asks Congress for $1.25 billion for coronavirus response.

FEB. 24
Iran emerges as a second focus point of the virus.

FEB. 26
Latin America reports its first coronavirus case.

FEB. 28
The number of infections in Europe spikes.

FEB. 28
Sub-Saharan Africa records its first infection.

FEB. 29
The United States records its first coronavirus death and announces travel restrictions.

MARCH 3
U.S. officials approve widespread coronavirus testing.

MARCH 11
President Trump blocks most visitors from Continental Europe.

MARCH 13
President Trump declares a national emergency.

MARCH 15
The C.D.C. recommends no gatherings of 50 or more people in the U.S.

MARCH 16
Latin America begins to feel the affects of the virus.

MARCH 17
France imposes a nationwide lockdown.

MARCH 17
The E.U. bars most travelers from outside the bloc for 30 days.

MARCH 19
For the first time, China reports zero local infections.


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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!

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