When confidence in a currency is lost, investors turn to another currency or, say, gold. In the examples of countries that have been well shaken by the financial crisis, we can see how their population has turned to invest in Bitcoin.
The 3rd largest crypto coin on the market today, XRP, has been added to Bitcasino.
The article provides an explanation of how the U.S. Federal Reserve devalues dollars by printing them in huge amounts and saves corporations for the money of taxpayers.
On Thursday, March 26th, the volatility in the BTC remains high. However, today the prices for the leading cryptocurrency are declining slightly, generally trading at $6645, while yesterday’s peak was $8350.
The cryptocurrency market is actively correcting but the current movement is looking more like a rebound before a new wave to the downside. However, in the chart of several digital assets, there are patterns in favor of growth.
These days, the BTC is trying to correct after stressful sales. On Thursday, March 19th, the key cryptocurrency is trading at $5800, growing 11%.
Cryptocurrency prices fell sharply yesterday. This is one of the worst days in the history of the cryptocurrency markets. There seems to be hope and a few opportunities as well.
Oil market prices plunged when OPEC and its allies failed to reach an agreement on production cuts. All the markets, including stocks, currencies and cryptos are falling.
Bitcoin and other cryptos’ prices dropped soon after a plunge in oil prices. Besides, Bitcoin lost its positions as a result of a crypto scam committed by PlusToken.
The noise around coronavirus is growing. Stocks in Asia are falling due to this situation and there are no signs of improvements.
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.
As market trading resumed in China after the holidays, stocks crashed over 7% being influenced by the effects of the coronavirus fears. China has pumped over 1 trillion yuan in rescue.
As you may know, people in Europe like to do things slowly. This time, Great Britain is leaving the Eurozone for real, while the world’s eye pairs staring into scary Chinese videos.
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.
Strong media reports suggest that the British government under Boris Johnson is likely to make it illegal to further extend the transition post-Brexit period beyond December 2020.