U.S. President Donald Trump is expected to announce a national emergency amid growing cases of coronavirus in the country. The emergency would invoke the Stafford Act, which would allow more federal aid to states and municipalities.United States President Donald Trump is expected to announce a national emergency amid growing cases of coronavirus in the country. The president is scheduled to address the public on COVID-19 at 3 pm ET later today. Though it is uncertain. But what is more unclear...
Read More »Coronavirus Crisis Translates Into The Worst Week For Bitcoin Since 2013: The Crypto Weekly Market Update
It’s safe to say that unless unexpected things happen, this will be the worst week for Bitcoin since 2013. During the second week of December 2013, Bitcoin had seen a plunge from $864 to $382, more than a 50% decline. Those were the days when MT.Gox was the only major Bitcoin exchange out there.Just seven days ago, BTC was trading at around $9,000, and its price has now dropped to slightly above $5,200. What is more, the price went down to as low as $3,600 before bouncing to where it trades...
Read More »European Shares Close in Green, EU Starts Fight with Coronavirus
European shares closed higher on Friday after their worst sell-off in history, as the fast spread of the coronavirus pandemic continues to dominate investor sentiment.European shares closed higher on Friday, following Thursday’s slump amid coronavirus. On the data front, German Destatis reported that the inflation in Germany rose 1.7% in February, while investors kept their eye on the developments in Italy, which is the hardest-hit country in Europe with COVID-19 outbreak. The coronavirus has...
Read More »Bitcoin Tanks Hard; Falls to Lowest Point Since Last May
Bitcoin has crashed. There’s no pleasant way of saying it. At the time of writing, the world’s number one cryptocurrency by market cap has fallen into the low $6,000 range for the first time in virtually ten months following increased fear and panic from the coronavirus.Bitcoin Is Dropping FastFollowing news that President Donald Trump has invoked further travel bans to ensure Americans are not exposed any further, global markets everywhere tanked, with the Dow Jones falling another 2,000...
Read More »Dow Jones Rebouncing, Investors Are Buying
Stocks surged at the open, one day after posting their worst day since the Oct. 1987 crash. The Dow Jones Industrial Average jumped 1,238 points, for a gain of 5.8%. The S&P 500 rose 5.2%, while the Nasdaq Composite jumped 5.7%.The Dow Jones Industrial Average index was more than 1,200 points higher at the open on Friday amid market recovery from yesterday’s fall.The Dow Jones jumped 5.32% at the opening bell. Intel Corp (NASDAQ: INTC) was among the best performers, adding 9.16%. The...
Read More »U.S. Market Crash Coming? It Is Highly Unlikely as Markets Recover from Doldrums
The bears who thought that a U.S. market crash was coming have retreated as the markets recover slightly from Thursday’s onslaught. Further interventions by both the U.S. Government and the FED are also coming through.The U.S. market crash that many bears are expecting will most likely not come through. This is because markets are recovering from this week’s massive losses. Sources say that the markets made massive recoveries after yesterday’s losses. The losses reportedly went on throughout...
Read More »6 Reasons Why Coronavirus Will Carry The World Into Next Global Financial Crisis After 2008
As a seemingly endless stream of reports continues to pour in surrounding the coronavirus, many are becoming increasingly concerned over the effects this global pandemic could have on the global financial system.In fact, the outbreak is shaping up to potentially cause one of the worst financial crashes of all time. With some even saying that the current pandemic will be just as bad as the Wall Street Crash of 1929, the Dotcom bubble of the early 2000s, and the Global Financial Crash of...
Read More »Grounded by Coronavirus, United Airlines (UAL) and American Airlines (AAL) Stocks are Down 24.85% and 17.28%
Airlines are seeing a heavy reduction in the number of customers that patronize them, leading to a crash in their stocks.The coronavirus outbreak has seriously impacted a few industries, especially in the last few weeks. Of them all, airlines have probably been hit the hardest. Because of the nature of the outbreak, it’s near impossible for any of these companies to have prepared for it as much as needed. Around the world, many airlines have stocks that have plunged and are still taking a...
Read More »Another BitMEX – FTX Exchange Clash? Or, The Reason Why Bitcoin Crashed To $3,700 Yesterday?
The last few days have been quite terrible as the cryptocurrency market shreds every single gain it has amassed since the start of the year. Bitcoin even slumped to as low as $3,700 for an hour for the first time in 12 months. The price crash left traders in dismay, with many scratching their heads and counting losses. Traders wonder what is behind the recent sell-off and the quick recovery, which was definitely abnormal, even for a volatile asset like Bitcoin. This was the worst daily drop...
Read More »#833 Bitcoin bald auf $1000 & Investoren haben das Vertrauen in BTC verloren
Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 833. Heute sprechen wir über folgende Themen: Wie geht es mit Bitcoin jetzt weiter – Sind $1000 realistisch & Mike Novogratz sagt das Investoren das Vertrauen in Bitcoin verloren haben. 1.) Bitcoin: Wie es in den nächsten 30 Tagen weitergehthttps://www.btc-echo.de/bitcoin-wie-es-in-den-naechsten-30-tagen-weitergeht/ 2.) Krypto-Experte befürchtet Bitcoin-Abschwung auf weniger als 1.000...
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