Is Covid-19 Vaccine the behind the Bitcoin Price hike?

Is Covid-19 Vaccine the behind the Bitcoin Price hike?

Bitdeal - A Leading cryptocurrency exchange development company offers the best white label cryptocurrency exchange software to start your own cryptocurrency exchange.

Covid-19, we could say, the most popular pharse of the history, has made huge impact in each and every human life, business sectors, financial sector,etc and flip down the world and bitcoin is no more the exception.

We can felt the connectivity between COVID-19 and Crypto industry since the month of march, as the whole world is in shutdown, the crypto industry stands high in terms of user engagement and trade volume and surprise us! Then in the consecutive months, the records gained are broken by itself with the tremendous success.

So, what’s the deal with Covid-19 Vaccine and Bitcoin price?

Remember, every thing is entwined with each other!, if COVID-19 can make a Strong impact in crypto industry, then why not the COVID-19 vaccine ?

Bitcoin has hit another yearly price high following news that Moderna's coronavirus vaccine is now showing to be more than 94% effective in stopping the virus.Moderna Labs announced positive results for a potential coronavirus vaccine, which the company tested on a group of 30,000 people. The vaccine proved 94.5% effective, outperforming its two main competitors: Pfizer—which was a little more than 90% effective—and Russia’s Sputnik V vaccine, with 92% reported effectiveness.

Then the price of bitcoin and stock market increases after the news updation. At the same time, Bitcoin continues to climb higher and higher on its bullish trend. The largest cryptocurrency by market capitalization is now trading at nearly $17,000 per coin: it is currently trading for $16,800, up almost 6% on the day.

Thus, no doubt that bitcoin is very nearer to the mass adoption and we could literally see the increase in the interest of bitcoin for the past months and ofcourse starting the Cryptocurrency Exchange would be the promising business model for 2021 and the upcoming years. You might think it could consume huge time and effort but not if you choose the right Cryptocurrency Exchange Software Development Company. By making use of the script and software package, you can launch a crypto exchange instantly.

cryptocurrencyexchange cyptocurrencyexchangedevelopment

Bootstrap 5 Complete Course with Examples

Bootstrap 5 Tutorial - Bootstrap 5 Crash Course for Beginners

Nest.JS Tutorial for Beginners

Hello Vue 3: A First Look at Vue 3 and the Composition API

Building a simple Applications with Vue 3

Deno Crash Course: Explore Deno and Create a full REST API with Deno

How to Build a Real-time Chat App with Deno and WebSockets

Convert HTML to Markdown Online

HTML entity encoder decoder Online

How Binance Clone Script Works?

We offer Binance Exchange Clone & Binance Clone App to Start Crypto Exchange like Binance. Binance Clone Script & Software 100% similar to the Binance trading website.

How to start a Cryptocurrency Exchange?

Get binance clone script based on your business requirements from Sellbitbuy to start your own cryptocurrency exchange website like binance. Book a free demo at any time or talk to our expert

How to run a cryptocurrency exchange successfully

Launching a ** ### [cryptocurrency exchange](https://www.hashogen.com/blog/how-to-run-a-cryptocurrency-exchange-successfully")** is much easier than running the exchange successfully. Perseverance and proper planning are much needed to run a...

Zebpay all set to enter the business of non-fungible tokens soon.

Blockchain App Factory is the leading Cryptocurrency Exchange Software Development Company. Our solutions include white label bitcoin and cryptocurrency exchange platform development services which is fast, secure and customizable.

Top Cryptocurrency 2020

**[Top Cryptocurrency 2020](https://www.hashogen.com/blog/top-cryptocurrency-2020 "Top Cryptocurrency 2020")** Generally the cryptocurrency is broadly defined as virtual or digital money which takes the form of tokens or coins. In addition the...