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Impact of Coronavirus on the Price of Stocks

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In just weeks since the advent of the novel virus corona, also known as the COVID-19, its impact has been massive. As of now, only 29% of the active cases (people who are infected and still undergoing treatment) of the coronavirus are in China. The remaining chunk of 71% is spread across other parts of … Read more

Financial Bazookas Revealed – Market Strategists Believe the Fed Will Purchase Stocks Soon

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Bitcoin and cryptocurrencies may be the only free-market assets left not manipulated by central banks like the U.S. Federal Reserve. Since the covid-19 outbreak, the Fed has unleashed a massive arsenal of monetary weapons to combat the effects on the economy. After the significant rate cuts, quantitative easing (QE), and buying mortgage-backed securities, analysts believe … Read more

World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic

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The spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure and preparing to deal with a shrinking asset base. Also read: US Cash Crisis: Withdrawal … Read more

Onchain Data Suggests Bitcoin Sell-Off Fueled by New Investors

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While the covid-19 outbreak has caused economic calamity, cryptocurrencies have regained some of the losses that devastated digital currency markets on March 12. A recent report published by the researchers at Coin Metrics notes the “crypto asset sell-off was driven by short-term holders.” Further, an analyst at Unchained Capital agreed with Coin Metrics’ findings and … Read more