Cryptocurrency markets had faced every issue except a pandemic in recent years. From war to massive oversupply, from recession nightmares to bank failures, everything happened. The only thing missing was a global pandemic, which had been forgotten after the years of Covid.
Monkeypox Global Emergency
World Health Organization recently declared a global emergency as the virus spreads in Africa. This is the second emergency declaration in three years, with the last one in July 2022 when the virus was seen primarily in homosexuals in 116 countries. At that time, 100,000 people were affected, and roughly 200 deaths were reported.
This variant is more deadly. Since the beginning of 2024, over 14,000 mpox cases and 524 deaths have been reported in the Democratic Republic of Congo alone. WHO Director-General Tedros said:
“The detection and rapid spread of a new mpox clone in eastern Democratic Republic of Congo, its detection in neighboring countries that had not previously reported mpox, and its potential to spread further within and beyond Africa is very concerning.”
The virus, which mutated in September, now spreads more easily and not just sexually. The emergency declared in 2022 when this long-seen West African disease spread outside the continent was lifted in May 2023, but it is too early to understand the seriousness of the current situation. If a new global lockdown occurs, it could have devastating consequences for cryptocurrencies.
