asset plunge : bitcoin and stocks tank apparantly on coronavirus fears

in #markets5 years ago

Assets plunged into the red this week. Bitcoin and stocks have just hit their lowest levels since the 2018 winter-time October-December crash which brought the dow to 22,450. In 2020, we've now seen the dow fall to below the 2018 low after achieving record high prices.

Bitcoin has crashed as well to lows not seen since 2018 winter-time market and May of 2019. It's been reported that Donald Trump has proposed eliminating the payroll tax to ease financial burden for workers and the federal reserve is expected to cut rates to zero and inject cash as well.

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