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Cryptocurrency

Here’s how much bitcoin beat the Dow and S&P 500 in the first quarter

by Sherlock Holmes, 6 months ago

KEY POINTS Bitcoin fell over 10% in the first quarter of 2020 posting smaller declines than major U.S. stock indexes. The Dow secured its worst first-quarter performance ever, losing more than 23% of its value in the first three months of the year. Bitcoin has fallen less than major U.S. equity indices in the first quarter but still hasn’t proven it can act as a “safe haven” in times of market turmoil. The cryptocurrency fell over 10% in the first three However, the Dow secured its worst f...

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Cryptocurrency

Bitcoin loses half of its value in two-day plunge

by Sherlock Holmes, 7 months ago

The world’s most widely held cryptocurrency dropped below $4,000 Friday, knocking off half of its value over two days. Bitcoin had been trading near the $10,000 level in mid-February and began its slide as the coronavirus outbreak worsened. “Bitcoin’s recent price action is primarily a result of the coronavirus outbreak affecting global markets and driving investors towards the safety of cash,” says Joe DiPasquale, CEO of crypto investment firm BitBull Capital. Bitcoin lost its allure as a...

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