It looks like yesterday’s bull run has come to a standstill as fear and global panic surrounding the coronavirus linger. The crypto market has witnessed slight drops among its major coins, including Bitcoin, Ether, Ripple, and Bitcoin Cash. All are lower by anywhere between four and nine percent at the time of writing.
Bitcoin is trading for about $6,000, a solid drop from the $6,800 mark it struck early this morning. Ether—fresh off yesterday’s high of $142—has slumped down to about $126, while Bitcoin Cash is at $205, nearly $25 less than where it stood a day ago. In all, the cryptocurrency market cap stands at roughly $169 billion.
Stocks haven’t fared much better, with the Dow Jones taking yet another dip below 20,000 today and facing its worst market conditions since 2008. Oil has also fallen below $20 per barrel, a 21% decline from yesterday’s price.
Good news has appeared on the horizon, however, as the World Health Organization (WHO) says there are approximately 20 separate coronavirus vaccines in the works in a “race for a global cure,” though it could be at least 18 months before anything is available to the public.
More than 10,000 coronavirus-related deaths have been reported across the globe, while at least 245,000 individuals have been infected.