Too Long; Didn't Read
The global panic around the Coronavirus, or Covid-19, could be called a ‘panicdemic’ rather than a pandemic. Bitcoin collapsed by 15% over the last week, and the rest of the cryptocurrency market sank alongside it. This happened at the same time as the traditional markets went into freefall, and that was definitely due to the spread of the virus. The SEC rejected an ETF application from New York-based asset management firm Wilshire Phoenix and options exchange NYSE Arca that wanted to mix bitcoin and Treasuries.