Tag Archives: Story of the Day

The Fed has taken a decision to issue over 1 trillion dollars during coronavirus attack citing the necessity of market support. However, some critics say that the market is doomed, both on traditional and cryptocurrency levels.If you have to take $1.5 trillion and throw it into the economy, the bids are probably high. What will happen is that the markets will receive cash while consumers will keep sitting at homes. Despite the money will go towards rescuing the corporation markets first, they...

Friday 13 is at the beginning, but the market already shows the scary new Bitcoin’s bottom of $4,900. BitMEX derivatives exchange is reporting a huge wall of long orders sell-offs.BitMEX report that they have the biggest order liquidation sequence in the last 16 months. Both longs and shorts have been selling crypto, which causes further price fall and extreme fear. The BitMEX exchange had destroyed orders worth of $702 million. This sum is somewhat a record since November 2018.During the...

The crypto market capitalization has fallen below $200 billion due to huge panic sell-off. Ethereum, XRP and other altcoins are losing their value.Today will remain engraved in most crypto enthusiasts and investors’ minds, not for the good reasons, but rather since most altcoins, including Ethereum and XRP, have shed a huge portion of their prices by about 20-30% in the past 24 hours. The huge free fall has been attributed to a panic sell-off, as investors run for safety to avoid risky...

European stocks have crashed after U.S. President Donald Trump imposed a ban on travel from several countries in Europe. Travel volume has also plunged.As the coronavirus continues to spread, several countries are increasing the measures they are taking to curb the infection. Many parts of China, where the virus first originated, are still on lockdown. Italy, which currently has the second-highest number of infections, has also imposed restrictions on several parts of the country. Confirmed...

Bitcoin price has fallen down 23% today. Alongside, the whole crypto space has been affected in a similar way as coronavirus gets declared a global pandemicBitcoin price has shed over 23% to trade below $6,000 today. With Bitcoin being the mother of all crypto assets, all other digital assets have significantly lost a similar percent. This comes after the world health organization declared coronavirus a global pandemic, which has resulted in the United States President Donald Trump banning...

Dow futures drop 1100 points because Donald Trump didn’t manage to convince investors that coronavirus is not as dangerous as they feel. Market goes red again.People on the market keep panicking despite the U.S. president Donald Trump‘s speech. Dow continues the fall after investors didn’t believe that the situation is under control.The Dow industrial index looks scary because its 11 years-long bull market has ended with a two months bear market. It already took approx. 20% of all the gains...

As the third Bitcoin halving event approaches, interest among investors seems to dwindle as BTC followed the price action of the traditional markets failing to act as a haven asset.Everyone in the crypto world is aware that the third Bitcoin halving event will take place sometime in May. According to several analysts, it could be the needed spark that will ignite a crypto bull market. Interestingly, others also say that it will drop the token’s inflation rate lower than central banks’ 2%...

Tuesday’s rally did not last long. Early on Wednesday, U.S. stock futures, including Dow, fell sharply. Tech stocks have also suffered.After the coronavirus outbreak, the market has become as volatile as never before. Yesterday, it rebounded after the crash on Monday, but it was not out of the woods yet. Today, U.S. stock futures dropped sharply, suggesting more volatility when trading began Wednesday, following two roller-coaster days on Wall Street. Dow Futures slide 700 points, rolling...

The U.S. Treasury yields increase volatility caused by coronavirus panic as the number of confirmed cases in the country is growing.The coronavirus outbreak in the United States has now reached a red alert level after surpassing 1,000 cases and over 30 deaths. As a result, it has affected the treasury yields which is the return on investment on the government’s debt obligation. However, the United States government debt prices rose on Wednesday, after investors had hoped on imminent fiscal...

As the markets have started to recover after the recent fall, Bitcoin price has finally managed to go beyond the level of $8,000 today.The VIX volatility index, the stock market’s main risk indicator, skyrocketed to 55 on March 9. Created by the Chicago Board Options Exchange (CBOE), the Volatility Index, or VIX, is a real-time market index that represents the market’s expectation of 30-day forward-looking volatility. But not only the traditional markets have reacted to the global situation,...