Donald Trump declared a national emergency over the coronavirus pandemic.The declaration frees up as much as $50 billion in financial resources to assist Americans affected by the outbreak.
Apple and Microsoft have lost around $400 billion each during the latest market sell-off over the last month. Analysts weigh in suggesting Microsoft a better buy over Apple at this stage.
As the whole markets come crashing down, Tesla stock price tanked 11.62% on Tuesday closing at $560 levels. With the Tesla production taking a massive hit, analysts are slashing the target for its stock price.
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.
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.
The crypto market capitalization has fallen below $200 billion due to huge panic sell-off. Ethereum, XRP and other altcoins are losing their value.
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.
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 pandemic
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.
Through the state-owned company Aramco, Saudi Arabia plans to raise its oil production from 12 million BPD to 13 million BPD. The sell-off was as a result of the production disagreement with non-OPEC member Russia.
WHO presses the red-alert button declaring the COVID-19 as a global pandemic. The WHO director showed disappointment in the ineffectiveness of the global leaders to deal with this situation. Global markets are entering a bear period. Dow Jones has lost 1400 points.
The Dow Jones opened with a fall amid the coronavirus outbreak. The Saudi Arabian and Russians continue with their supremacy battle on the crude oil price.
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.
The Bank of England cuts interest rates by half. The country’s Health Minister Nadine Dorries tested positive for coronavirus.
Tuesday’s rally did not last long. Early on Wednesday, U.S. stock futures, including Dow, fell sharply. Tech stocks have also suffered.