IMPACT ORIGIN

Cryptocurrencies amongst asset class hardest hit on Black Monday

[rt_reading_time postfix="minutes to read" postfix_singular="minute to read"]

(Image: © Tink)

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:

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

Give us a shout!

Book a strategy consultation.

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 and Terms and Conditions
Skip to content