Only 19 days are left before the long-awaited Bitcoin halving. BTC mining difficulty sets to hit an all-time high, as a result, many miners may stop their business activities for a while.
The Brent price has now crashed to its lowest point in over 20 years, as the oil market continues to depreciate. Just recently, the WTI futures have fallen below zero for the first time in its history.
The price of Bitcoin has fallen under $7,000 in response to the serious crash of WTI oil futures price.
The Dow Jones lost nearly 600 points at the start of the week. This comes as U.S. lawmakers are set to determine further stimulus measures for the economy. President Trump has also recently announced a temporary suspension in immigration.
Under the given conditions, Bitcoin continues gaining traction, therefore, Google, Apple, and Facebook need to find new revenue streams.
In a massive single-day crash, the WTI futures of the U.S. oil market made its historic low going negative up to -$37 per barrel. This happened amidst U.S. oil reserves coming to the maximum capacity due to the demand slump caused by COVID-19.
With Bitcoin halving set to take place on May 12 and 22 days left, institutional investors are catching the fever and can’t help taking advantage of the crypto asset’s huge opportunities.
Oil benchmarks in the U.S. hit a two-decade low on Sunday after the brewing uncertainty of storage for excess oil. The frozen economic activity has plunged the demand for oil worldwide.
Google accelerates its work in the FinTech space as newly leaked images show that Google is working on a debit card of its own. Google has reportedly joined hands with CITI bank to handle all the financial infrastructure for its services.
Researchers from the University of Chicago Medicine have given a potential breakthrough showing fast recovery for 125 COVID-19 patients by using the Remdesivir drug from Gilead Sciences. GILD stock is 10% up.
The luckiest company today is Gilead Sciences. After its announcement about the successful coronavirus treatment the company has found, its stock started growing. Right now, Gilead Sciences (GILD) stock is trading at $82.115, or 7.28% up.
General Electric (GE) and Ford (F) stocks jumped by over 5.50% on Friday, as companies signed a $336 million federal contract to make ventilators urgently needed for coronavirus patients.
Gilead Sciences (GILD) stock is climbing on news of that its coronavirus Remdesivir proved to be efficient even in severe cases. The stock could rise much further as trials continue.
The Libra Association confirmed that it will abandon its original vision of a global stablecoin pegged on a multiple national currencies and go for many stablecoins each representing a fiat currency.
With Bitcoin halving 2020 in just 26 days, what can we expect? Will the asset meet the overwhelming expectations or will it stay at the same price level?