IMPACT ORIGIN

Share on linkedin
Share on facebook
Share on twitter
Share on reddit
Share on whatsapp
Share on email

Cryptocurrencies amongst asset class hardest hit on Black Monday

blackmonday
< 1 minute to read

GLOBAL – Bitcoin and other cryptocurrencies took a hard hit today, wiping as much as $26 billion off the crypto market within 24 hours. This is despite the steady increase in value the virtual assets market had been enjoying over the last several months.

The plunge was part of a significant downturn in Global Stock markets reeling from the news of Coronavirus and the significant drop in oil prices today. Many are calling this Black Monday with the hashtag #blackmonday trending.

Within minutes of opening, the Dow plunged 1,800 points, the S&P was down 7% and major stocks such as Apple, Amazon, Google, and Facebook were all down 7% earlier in the day.

Topics:

Share on linkedin
Share on facebook
Share on twitter
Share on reddit
Share on whatsapp
Share on email

ADVERTISEMENT

read similar news

ADVERTISEMENT

ENJOYED this NEWS?

Consider making a small donation, so we can continue to create amazing content with our local partners. We suggest a minimum of $0.05 cents per news article, or signing up for a Membership.

LOGIN TO ACCOUNT

SUBSCRIBE TO OUR NEWSLETTER...

Already have an account? Sign In

Empower yourself by accessing information.

If you enjoyed this piece, you can access more: hundreds of news, analysis, and opinions created by experts in the technology industry.

It’s free! Unlike most digital publications, we don’t charge for our basic content; so you don’t have to pay to stay informed.

Impact Origin uses cookies to ensure you get the best experience on our website. By using this site you agree to our use of cookies as explained in our Privacy Policy here.