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Bitcoin & Stock Bourses Plunge As US President Tests Positive For Coronavirus

The Virtual currency and Asian stock markets sold off recently following the announcement by the U.S. President Donald Trump that he and his wife had tested positive to Coronavirus.

In a tweet, Trump mentioned that he and his wife Melania Trump had tested positive for COVID-19 and would start their quarantine process instantly.

Trump tweeted,

“We will get through this TOGETHER!”

As soon as the news broke out, the Australia ASX All Ordinaries plunged by around 1.35 percent. In the U.S. bourses, S&P 500 futures declined by approximately two percent.

After declining to a low of 1,888 USD in early Asian trading hours, Gold was trading in green and is trading at 1,901 USD, at the time of reporting. Bitcoin also declined by around two percent following the development and is trading at 10,663 USD, at the time of reporting.

The price action is seen more than a few hours subsequent to over three percent decline on news that United States officials charged BitMEX founder Arthur Hayes and other exchange executives on charges the digital asset trading platform dishonored KYC and derivatives trading laws.

Trump has quarantined himself along with the first lady as he enters the concluding month of his reelection bid. His major-party opponent, Joe Biden, has been visiting the midwestern states subsequent to a debate with Trump on Tuesday.

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