Market update

This week has been a rollercoaster ride. The Bitcoin price crashed along with global stocks (leaving the ‘safe haven’ narrative worse for wear) but both staged a comeback in the past 24 hours. A few hours ago, the Dow Jones closed 1284 points up for its biggest gain in history, in the wake of reports that central banks will take action to combat the coronavirus induced slowdown. Bitcoin has also surged 4.2% on yesterday. Sure, it’s still down 7.4% on a week ago, but things are no longer looking so grim. The top 10 are recovering, but remain down on a week ago: Ethereum lost 12.4%, XRP (-11.3%), Bitcoin Cash (-10%), Bitcoin SV (-7.9%), Litecoin (-18.2%), EOS (-9.2%) and Stellar (-14.8%).

Market Update 19th – 25th February 2020 In Markets Bitcoin doesn’t seem to want to break above the US$10,000 (A$15,139) […]

Market Update 12th – 18th February 2020 In Markets Bitcoin’s bullish momentum eased over the weekend, with the price dipping […]

Market Update 5th – 11th February 2020 Welcome back to another Australian crypto market update. In Markets Bitcoin smashed through […]

Market Update 29th January – 4th February 2020 In Markets Bitcoin increased another 3.5% this week to trade around $13,900 […]

Market Update 22nd – 28th January 2020 In Markets Bitcoin is up 6.4% in the past 24 hours to trade […]