Let’s have a closer look at Gilead Sciences Inc (NASDAQ: GILD) and Moderna Inc (NASDAQ: MRNA) stocks as the companies are working on possible coronavirus vaccine.
Since the day’s beginning, Bitcoin price gained slowly, setting the 35% record on a weekly scale. On March 19, Bitcoin gains more than 10%, setting a positive trend for the market.
The Dow Jones slumped over 1,300 points while the S&P 500 index shed almost 5% as of Wednesday, as the fears of the coronavirus effect grip most investors even more.
Oil price goes down as the demand for crude keeps melting. The coronavirus attack and the failure of the OPEC meeting influence oil dynamics. On Wednesday, it reached the super low price of $20,37 per barrel via WTI, Brent and on world markets.
The number of coronavirus cases has reached a new sad record of 200,000. The markets react negatively. Dow Jones is falling.
Bitcoin price recovery from last week’s catastrophic drop to $3,700 is still on as it tops $5,500 before pulling back below $5,200 partially driven by a boost from the reports that Trump Administration would support a $1 trillion coronavirus package.
Having closed at $28.18 with a 6.38% rise yesterday, Moderna (MRNA) stock is in the green today again. The rise is greatly attributed to the investors’ hype due to the onset of the first human trial of coronavirus vaccine.
Peter Brandt, Bitcoin Halving and Coronavirus: is a famous trader and Bitcoin bear right about price fall? No matter what, he wants to convince you that Bitcoin is set to collapse. Recently, he said that Bitcoin can dive under $1,000, and here are some of his new thoughts.
Market analysts claim that Bitcoin price could return to $14,000 levels because halving is as unstoppable as coronavirus and causes an increase in Bitcoin’s scarcity.
Dow Futures are showing a sharp recovery after Monday’s bloodbath as U.S. President Donald Trump assures supporting industries amid this ongoing COVID-19 outbreak that has disrupted the global economy.
European markets rallied, but then lost some of their gains, while markets in the Asia-Pacific region were mixed on Tuesday as investors tried to grapple with a disastrous Monday on Wall Street.
Stocks fell sharply on Monday even after the Federal Reserve cut rates amid the coronavirus outbreak. The S&P 500 dropped 9.3% while the Dow Jones Industrial Average lost 2,174 points. The Nasdaq Composite traded 9.3% lower.
The situation with the oil price is getting worse as the price has now fallen below $30 as there is no longer much demand because of travel restrictions due to the coronavirus.
Bitcoin price doesn’t look very optimistic now as it is below $5,000 again. However, just recently after the news about the rate cut from teh Fed, it was gaining massively.
Previously, the target range of the interest rate varied from 1% to 1.25%. Now the benchmark for both short-term lending for financial institutions and a peg to consumer rates will be targeted at 0% to 0.25%. Dow Futures lost 1,000 points.