As equities markets across the globe continue to post hefty losses, Bitcoin (BTC) traders fought to keep the digital asset above the $7,800 support. Less than an hour ago the Dow closed down more than 1,400 points and the S&P 500 posted a 4.89% loss as the World Health Organization officially announced that the Coronavirus is now classified as a pandemic.
The WHO announcement was followed by an ominous statement issued before the US Congress by Dr. Anthony S. Fauci, the director of the National Institute of Allergy and Infectious Diseases.