Traditional markets are on fire, going toe-to-toe with speculative cryptocurrencies like Bitcoin in terms of insane intraday volatility and enormous price movements. The latest shock is in oil prices, which fell this morning by over 40% to the lowest level in over two decades.
The massive drop in coordination with drops across the stock market has caused this week’s VIX volatility index to surge by over 6.9% at open, suggesting that there’s much more turbulence across traditional markets in the week ahead.
20-Year-Lows: Oil Prices Fall 40% At Open, Down 80% Year-to-Date
This morning when markets open, oil prices collapsed to the lowest prices in the past 20 years, and the Dow Jones Industrial Average fell by over 500 points as a result. Other stock market indexes also plunged following the news that the economy may not be reopening anytime soon.
Oil prices dropped by over 40% at open, and are down over 80% year-to-date.
The selloff could be partly responsible for causing Bitcoin to temporarily breach below $7,000 after the asset had spent the weekend trading above the key level.
But the coronavirus continues to keep the economy at a standstill, as citizens across the globe stay quarantined to prevent further spread of the dangerous and deadly pandemic.
Related Reading | Stock Market Prints TD9 Sell Signal, Correlated Bitcoin Could Plunge in Tandem
Peak coronavirus concerns last month caused an epic selloff across all markets, setting record-breaking numbers across a variety of assets.
Markets may soon be in for round two of the panic-induced selloff, according to the VIX volatility index.
VIX Volatility Index Hints At Turbulent Week Ahead in Traditional Markets
Starting off the week, the VIX has risen by 6.9% due to the extreme volatility in oil prices and the stock market, potentially signaling an extremely volatile week ahead.
VIX is the Chicago Board Options Exchange’s CBOE Volatility Index, and it is currently down 50% from the high reached in mid-March on “Black Thursday” when the stock market, cryptocurrencies, and nearly every other asset in the finance world saw record-breaking collapses.
The $$VIX begins the week +6.9% to 40.8.
More turbulence ahead
— Ted Darling (@tdarling1) April 20, 2020
The VIX has reached the highest levels since the 2008 economic recession but has yet to break the current record. Prior to this recent surge in volatility, the VIX only a handful of times over the last ten years reached over 40 – where the VIX is currently resting at ahead of what’s to come later this week.
Related Reading | Gold Indicator Flips Green, Signaling Potential Decade of Uptrend
The stock market and Bitcoin have rallied from recent lows, but it is done so all while the economy is still on thin ice, and the coronavirus has yet to peak.
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If you’ve had your fill of bad news lately, look away now. Bitcoin mining profitability just hit $0. 07 per T/Hash. That’s the lowest it’s ever been. Bitcoin Mining Profitability Plummets On March 17, 2020, just two months ahead of the Bitcoin Halving, Bitcoin mining profitability has sunk to its lowest point ever.
There has been a stark sentiment shift in the Bitcoin market.
On 9 March, the price of the world's largest cryptocurrency fell to its lowest point in over two months, losing over 20 percent from itThe post Bitcoin primed to drop further as Put/Call ratio spikes appeared first on AMBCrypto.
LocalBitcoins is showing its lowest volume in China in two years. Volume for the popular marketplace hovered at around 4.5 million yuan for the week of Jan 25. This has coincided with a drop in Bitcoin’s search volume on the Chinese search engine, Baidu, which has also hit a new low over the past 30 […]
The post China BTC Volume on LocalBitcoins Hits 2-Year Low, Baidu Searches Dwindle appeared first on BeInCrypto.
Coinspeaker As XRP Price Crashes, Is It a Good Time to Buy?XRP is currently valued at $0.20 per coin. This XRP price is one of the lowest values in over two years.As XRP Price Crashes, Is It a Good Time to Buy?
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours.
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours.
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours.
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours.
After the bull run has cooled down a bit, Bitcoin’s price has become more stable lately. This week, volatility has reached its lowest point since June. The 30-day volatility of the token fell to only 64 recently, according to data provided by Digital Asset Data and Blockforce Capital. During its peak in July, the volatility […]
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours.
Ethereum’s value against bitcoin has seen its ratio drop to the lowest level since March 2017. As far back as 2016 there were months when ethereum’s ratio was higher, but...
The post Bitcoin’s Ratio Against Ethereum Rises to a Two Years High appeared first on Trustnodes.
Since July 10, within two weeks, the bitcoin price has declined from over $13,000 to $10,600, by more than 18 percent against the U. S. dollar. At its lowest point this month, the bitcoin price came close to dipping below the $9,000 level, dropping to as low as $9,080.
By CCN: Bitcoin price is on track to having its second-best quarter since 2014 with a 92 percent gain within two months if it remains above $8,000 by the end of June. Since April 1, in about a month and a half, the bitcoin price has increased from $4,100 to $8,000, by nearly two-fold against the U.
Hut 8 Mining (named after Hut 8 in Bletchley Park, where Alan Turing broke the enigma code and accelerated the end of World War II) has just filed its audited financial statements for 2018, detailing a tight but still profitable bitcoin mining business.
Within two hours since opening, the Dow Jones has fallen from 25,854 to 25,599 by 250 points in a steep short-term drop. Backed by strong fundamentals, noticeable progress in the U. S. -China trade talks, and the Federal Reserve’s decision to retain its benchmark interest rate unchanged, the Dow was on track for a strong week.
Ethereum (ETH) the number two cryptocurrency by market capitalization according to Coin Market Cap, has experienced a strange decline in ETH supply in the face of the general cryptocurrency market recovery.
There are two virtual currency exchanges that are trying to attract investors by offering lower fees for traders. Seed CX is one of these exchanges that is aimed at institutional investors. According to The Block, the platform offers one of the lowest costs to execute a trade.
The crypto winter that started toward the end of last year doesn’t appear to be showing signs of slowing down. Digital assets like bitcoin lost more than 80 percent of their value while the overall crypto market cap shrunk from over $600 billion in January 2018 to less than $138 billion in December 2018.
As the crypto winter deepens with no sign of a recovery on the horizon contractions have been occurring across the industry. The two notable signs at the moment are shrinking exchange volumes and a drop in crypto related Twitter activity.
Following the lowest month for over a year in December markets started to recover over the New Year. Progress continued steadily until January 10th by which time markets had recovered almost 40%.
This is the seventh instalment of reporter Colin Harper's "Living on Bitcoin" experience in San Francisco. Find out what happened to him earlier on Day 1 , on Day 2 , on Day 3 , onDay 4, on Day 5 and on Day 6.
Bitcoin price fell 3 percent to lose support at $3500 January 28, abruptly ending a week in which volatility hit its lowest levels in over two months. Bitcoin Price Struggling Amid Low Volatility Data from Coinmarketcap showed the knock-on effect of Bitcoin (BTC) aiming downwards Monday, with altcoins in the top twenty cryptocurrencies by market cap repeating the losses.
Following the major market plunge that struck the crypto-verse two days ago as the leading coin Bitcoin (BTC) failed to successfully close above the $3,700. 00 mark. In a matter of an hour the pair BTC/USD declined from $3,730 to $3,590 retesting the important support $3,550.
Whenever I claim that bitcoin is the only decentralized cryptocurrency, I get one of two arguments:My X coin is also decentralized. Bitcoin isn’t decentralized because of Core and/or miners.
Yesterday, an auction was held by cryptocurrency and blockchain artist @cryptograffiti for a piece titled “black swan,” which the artist made using “fiat and counterfeit detector pen ink.
Tron (TRX) has surged as much as 40% this week as the global crypto market rebounded from their lowest levels this year. The overall rebound appears in the wake of a peaceful closure between Bitcoin ABC and Bitcoin SV groups.
Bitcoin (BTC), Cryptocurrency, TRON (TRX)–After two weeks of the worst price fall experienced in cryptocurrency since the start of the year, as prices for Bitcoin and altcoins hit their lowest point of 2018, the entire market is back in the green.
In Kiana’s report today we look for the best bargains in the massive crypto selloff, and identify three two projects that may represent terrific opportunities for the price-conscious investor – and one that we have concerns about.
In a new report from The Block, this media outlet decided to examine the downward trend of the cryptocurrency market in volatility. After reaching a two-year low, there are many high-frequency trading firms (HFTs) that are working to modify their approach.
The law offices of Pomerantz LLP in New York have filed a series of civil suits against MGT Capital Investment and its executive officers on behalf of several of the trading firm’s past or present customers.
BTC/USD The BTC/USD pair began the week on one of the month’s highest points of $6730 before embarking on a bearish trajectory for the next three days. Prices were lowest on October 11, falling below the support level of $6400.
Tether’s peg is slipping, and an exchange-wide firesale has led to major price discrepancies between bitcoin’s BTC/USDT and BTC/USD trading pairs across the market.
At press time, the father of cryptocurrency is up by roughly $200 and is trading for about $6,515. It appears the currency isn’t as vulnerable as originally thought, and still has some fight left in its gut.
It hasn’t been the best month for cryptocurrencies, with the market shedding as much as $50 billion in the first two weeks of September alone. For some like Ethereum, the month has been outright brutal, with the most valuable altcoin registering its lowest price of the year at just over $170.
Two well-known cryptocurrency exchanges, U.S. based Robinhood and Huobi of Singapore, are inching closer to a much anticipated initial public offering (IPO), CoinDesk reports. With the initial coin offering (ICO) space appearing to be losing traction—especially considering that August campaigns raised just $326 million in total, the lowest in 16 months—a handful of organizations are…
The post Two Major Cryptocurrency Firms Move Closer to Initial Public Offering appeared first on UNHASHED.
The cryptocurrency bear market of 2018 has unsurprisingly affected crypto startups looking to raise funds via initial coin offerings (ICO), with two research papers noting a disappointing performance for the novel fundraising method this year.
Crypto markets are down across the board, and that’s nothing new. But what’s behind Ethereum losing 44 percent of its value in just two weeks? From August 1 to August 14, crypto’s number two went from $470 to $260.
After Bitcoin’s spike on the 29th of June which “propelled” BTC from $5800 to the current $6400 levels, prices haven’t changed much. Over the past 24 hours, BTC’s lowest has been $6320 with the peak being $6430 (BITSTAMP:BTCUSD).
Bitcoin has never been lower since November 2017 with its price down by around $1,000 in the past two days to reach a new low of $5,800. That makes it...
The post Bitcoin Falls to its Lowest Level Since November appeared first on Trustnodes.
Around Christmas time, investors in the majority of cryptocurrencies thought they were being spoiled and would soon be able to splash out on extravagant gifts as the value of the currencies shot up to amazing highs – but over the past few months, we have seen the market correcting itself back down to typical levels.
The financial world relies heavily on indicators to gauge market sentiment and predict future trends. Among these, the Volatility Index, commonly known as the VIX, stands out as a prominent measure of market anxiety.
As NewsBTC reported, the VIX experienced a trend reversal last Friday which could be significant for Bitcoin as well. The VIX volatility index shows traders the expected range of fluctuation of the S&P 500.
As Coti ramps up efforts to bring a decentralized fear index to crypto, it has enlisted the help of Professor Dan Galai, one of the pioneering brains behind the Cboe Market Volatility Index (VIX), to help the organization develop a crypto-oriented version.
The decentralized finance (defi) platform cvx. finance has launched the beta version of its “Crypto Volatility Index”, otherwise known as the “CVX. ” The CVX is an index similar to the “Market Fear Index” (VIX) commonly used in traditional finance, but cvx.
Dow Jones Industrial Average (DJIA) futures enjoyed a relief rally on Thursday after a brutal two-day selloff saw 800 points wiped off the US stock market index. But the pain might not be over yet.
By CCN Markets: The Dow Jones chalked up its best performance in months yesterday after Donald Trump delayed additional tariffs on China until December. But the stock market party was short-lived, and the futures market points to a weak open on Wall Street on Wednesday.
