Cryptocurrency Bitcoin declined 6 percent on Monday. This is due to the fear of the rapid spread of new coronavirus in the UK. On Sunday, Bitcoin touched a record level of $24,298.04. Cryptocurrencies smaller than Bitcoin, such as Ethereum and XRP, declined 5.9 percent and 9.2 percent on Monday, respectively.
European shares fell 3 percent, the dollar strengthened and market volatility rose amid growing uneasiness over the economic impact of the new type of coronavirus strain. The new strain of the virus has temporarily banned flights from Britain by several European countries. This new strain from Corona has spread not only to the UK but also to Italy, the Netherlands, Denmark, Australia and South Africa. A strict lockdown has been imposed in the UK since Sunday.
Crosses $20,000 for the first time on December 16
Bitcoin crossed the $20,000 mark for the first time on December 16. Bitcoin has jumped more than 210 percent so far this year. This is due to the increased interest of big investors in Bitcoin, which was attracted by Bitcoin’s quick gain ability. Earlier in November, Bitcoin touched the $20,000 mark. Then came a time when it went down to $17,000. On December 15, 2015, a bitcoin price was close to $415. That means it has grown by more than 4800 percent.
Gracia is a senior writer at Get Ignite, where she covers media and advertising and co-hosts the Original Content podcast. Previously, she worked as a tech writer at Adweek, a senior editor at the tech blog VentureBeat, and a local government reporter at the Hollister Free Lance. She attended Stanford University and now lives in Brooklyn.