Bitcoin, Global Stocks Plunge as US Presidential Debate Stoke Worries
Bitcoin and global stocks fell hours after the first presidential debate between Donald Trump and Joe Biden concluded on a chaotic note. The benchmark cryptocurrency erased a significant portion of its Tuesday gains to turn 1.19 percent lower. At the same time, futures tied to America’s S&P 500 index plunged 0.85 percent, hinting to open in negative territory at the New York opening bell Wednesday. Asia-Pacific markets, including Australia’s ASX 200, Japan’s Nikkei, and China’s […]
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Bitcoin has seen heightened volatility this morning, likely due to that seen within the global markets. Stocks are rallying today, while precious metals and so-called “safe haven assets” all plunge due to positive vaccine news. Pfizer reported that their vaccine has shown to have 90% efficacy in a large trial, which far exceeded that market’s […]
With the first presidential debate now smoldering behind us, the betting markets have picked their winner: Joe Biden.
A combination of supportive fundamental and technical catalysts are pointing towards an extended Bitcoin bull run. The BTC/USD exchange rate kicked off the new week in positive territory on signs of institutional adoption, lower sell-off sentiment, and the global market uncertainty over the second coronavirus fiscal aid and the November 3 presidential election. The pair […]
Financial markets all over the world are faced with daily turmoil, and the compounding worries about European banks are only adding more fuel to the fire. Big banks have not been healthy for several years now, and things have not improved by much since the 2007 financial crisis. A combination of bank stocks crashing hard and looming worries about some banks defaulting on their debts will herald a new era of recession. Bitcoin seems to be among the only ways out, and embracing the popular digital currency is slowly becoming a necessity. People living both inside out and outside of the....
During the first half of the year, betting portals that allow people to wager cryptocurrencies on the upcoming U.S. election had shown Donald Trump winning the election. However, after Tuesday evening’s Presidential Debate, betting markets like Cloudbet show Joe Biden’s chances of getting elected is favored by 61% over the incumbent Trump. Tuesday’s Presidential Debate was considered by many as one of the “worst debates” in the history of American leadership. However, many people still kept score on how each candidate did during the evening’s political....