The U.S. markets show a significant drop on Monday morning due to the coronavirus fears and uncertainty. People rush to sell the coins, experts now expect Bitcoin price to go below 9,000.
Dow Jones futures plunges 800 points as the market opened in the European session. Analysts are speaking about a future market recession with possibilities of a 25% crash in Dow futures, as the coronavirus fears are spreading.
Global markets across Europe and Asia have plunged severely on Monday as South Korea and Italy report several new affected cases of the coronavirus on Sunday. Analysts request investors to maintain caution at this stage.
Apple (AAPL) stock could suffer as Apple has said that its profit will not meet the target this quarter because of problems caused by the coronavirus.
The Dow Jones Industrial Average (DJIA) futures, as well as the Nasdaq futures and the S&P 500 futures, are moving higher thanks to a number of factors.
After a woman who was on a cruise ship tested positive for the coronavirus, authorities are now trying hard to find other passengers. Such a situation resulted in a new wave of worries.
According to the statistical data from the CME Bitcoin futures market, BTC may continue rising despite the current pullback.
Bernie Sanders has seized his wins in Iowa and New Hampshire in the presidential race indicating a strong start to the national elections ahead this year. However, the markets have preferred to neglect his wins and continue to be on the rising momentum ahead. Dow Futures are moving up.
The coronavirus death toll is spreading fears to investors who are trying to turn to gold, the U.S. dollar and also Bitcoin as a safe haven.
Bitcoin halving, gold and scarcity: as the milestone approaches, it will reduce Bitcoin’s block reward to 6,25 BTC per the block. Currently, the Bitcoin block reward equals 12,5 BTC.
The latest Bitcoin rally comes along with an increase in the price of gold which has climbed as investors fret over the spreading coronavirus. Some Bitcoin analysts have pointed to geopolitical uncertainty being the cause for Bitcoin’s latest move higher.
Bitcoin price surge continues as investors move to crypto on the outbreak of the deadly coronavirus in China. With today’s price jump, Bitcoin has made a new 2020-high and we expect this momentum to continue in the near term.
Bitcoin and other cryptocurrencies surged as global stocks plunged in reaction to the coronavirus outbreak in China. A report shows that Bitcoin’s correlation with gold has also turned positive.
The palladium boom continues to accelerate with the precious metal up 25% over the past two weeks to more than $2,500 per ounce.
In recent days, the Swiss Franc (CHF) is surging against the U.S. Dollar. Goldman Sachs believes that it could be being used as a proxy for gold.