The COVID-19 global pandemic has disrupted business-as-usual, hence, affecting sustained economic development across countries. However, it appears economic uncertainty following COVID-19 containment measures favor market signals of cryptocurrencies. Here, this study empirically and structurally investigates the implication of COVID-19 health outcomes on market prices of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Evidence from the novel Romano-Wolf multiple hypotheses reveal COVID-19 shocks spur Litecoin by 3.20-3.84%, Bitcoin by 2.71-3.27%, Ethereum by 1.43-1.75%, and Bitcoin Cash by 1.34-1.62%.

COVID-19 全球大流行扰乱了一切照常，因此影响了各国的持续经济发展。然而，在 COVID-19 遏制措施之后，经济的不确定性似乎有利于加密货币的市场信号。在这里，这项研究从经验和结构上调查了 COVID-19 健康结果对比特币、比特币现金、以太坊和莱特币市场价格的影响。来自小说 Romano-Wolf 多重假设的证据显示，COVID-19 冲击刺激莱特币上涨 3.20-3.84%，比特币上涨 2.71-3.27%，以太币上涨 1.43-1.75%，比特币现金上涨 1.34-1.62%。