Tag Archives: s&p 500

Legacy markets have almost entirely recovered from their sharp downturn in the middle of March. It appears that the adverse effects of the novel coronavirus COVID-19 are well behind. Despite the doom-and-gloom predictions of many economists, major indices are going up steadily.The S&P 500 Down Just 10% From Its February LevelsThe S&P 500 is currently trading at above 3,000 basis points, charting an increase of about 2% on the day. More interestingly, it’s down only about 11% from its...

Bitcoin’s halving is behind us, and its price is nothing but soaring. Moreover, BTC is surging while legacy markets continue their downturn, strengthening the narrative that the cryptocurrency keeps on decoupling.Bitcoin Price Soars 9% in Less Than Three DaysBitcoin’s halving took place a little more than 48 hours ago. At the time, BTC was trading at around $8,550, and it currently changes hands at over $9,300, while the current daily high touched $9400 on Bitstamp. This marks an increase of...

Bitcoin’s halving is right around the corner. It will slash the block reward miners get from minting new bitcoins in half and potentially reduce the supply of the cryptocurrency on the market. Historically, this has been a major bullish catalyst for Bitcoin as its price has so far increased substantially after the two previous halvings.The last couple of days have been nothing but impressive for the leading cryptocurrency as it managed to touch $9,500 before retracing to where it currently...

Bitcoin’s price increased substantially over the past few days, breaking a lot of important resistance levels on its way up. The cryptocurrency touched $9,500 but has since retraced to its current trading price at around $8,900.In any case, this staged it for a full recovery from the mid-March selloff while equity markets are yet to regain their strength.Bitcoin Decoupling From Equities And GoldThe past couple of days have been nothing but interesting for Bitcoin as its price marked yet...

Top global assets closed the month of April in the green, with Bitcoin coming through as the best-performing asset of April. BTC was up roughly 34%, rising from the $6,400 range at the start of the month to just over $8,700 on the last day. The S&P 500 gained 12.7% while gold rallied by $6.7% in April. This marks a recovery from the market crash in March when Bitcoin, S&P 500 and gold dropped 26.7%, 12.51% and 0.5% respectively.COVID-19 Outbreak Caused Markets To Pause in March,...

The latest positive price developments in the cryptocurrency scene have helped Bitcoin to reclaim its position as the best performing asset in 2020. BTC is currently beating the S&P 500 index, US 10 year treasury bonds, and even gold.BTC’s Recent Price Jump2020 has been nothing but volatile for the cryptocurrency market. Looking at Bitcoin, for instance, it started the year at approximately $7,100, surged to above $10,000 in mid-February, before plunging hard to $3,700 amid the spread of...

Bitcoin made a serious move in the past few hours as its price soared up to above $7,720 in just a few minutes. Legacy markets followed as the S&P500, the Dow, as well as gold and oil are all trading in the green.Bitcoin Price Surges to $7,700In a few quick hours, Bitcoin’s price marked a massive increase, surging up above $7,700 from about $7,060. The price has since retraced a bit as it’s currently trading around $7500, which is still about 5% on the day.BTC/USD. Source: BinanceAs it...

Having suffered losses due to the COVID-19 led market onslaught, both Bitcoin and the United States stock market have had a good month. However, one analyst has pointed out how Bitcoin’s recovery has been entirely driven by market forces, while stocks have been rallying on the back of government intervention. Bitcoin Recovered Without External Intervention “Take a step back [to] think about how $BTC has almost completely recovered from the 50% drop in March. No limit down or trading halted,...

The S&P 500 lost over 30% in March in a few days of trading. The drop was primarily attributed to the spread of the novel coronavirus (COVID-19) and the effect it had on economies. The index has since recovered and gained more than 500 basis points but is still a long way to go. Now, however, the Bank of America says that the S&P 500 can mark new lows if the current volatility continues for much longer. Volatility Spells Trouble For The S&P 500 According to a recent report, a...

The Dow Jones Industrial Average is actively gaining today as well as many stocks on the market. Meanwhile, U.S. coronavirus cases have topped 400,000The Dow Jones climbed nearly 800 points on Wednesday following Sanders’ decision to give up and quit his presidential campaign. Stock markets are also doing well today. Meanwhile, White House Health Advisor Anthony Fauci estimated the United States could see a slight outbreak decay next week and New York Mayor Bill De Blasio revealed some...