Over $26 billion wiped off cryptocurrency market in 24 hours after massive oil price plunge

Source: https://www.cnbc.com/2020/03/09/bitcoin-btc-and-other-cryptocurrency-prices-plunge-after-oil-drop.html
Published: Mar 9, 2020
Author: Mike Rivero
Post Date: 2020-03-09 14:29:20 by Horse
Views: 146

Cryptocurrency markets plunged following a plummet in oil prices and further sell-off in stocks.

The market capitalization or entire value of cryptocurrencies was down $26.43 billion from a day earlier at around 1:17 p.m. Singapore time, according to data from Coinmarketcap.com. The sell-off worsened as the day went on.

Bitcoin, the biggest cryptocurrency by value, fell over 10% in 24 hours at around the same time.

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#1: Esso    To: Horse (#0)

Everything's bleeding red today, US, Europe, Asia, oil, metals. $2.5 trillion+ just disappeared like a fart in the wind.

Only folks making out today are the people trading options on the VIX. Last I checked, WMT & the dollar stores were up a little, but the day ain't over yet.

Big loser seems to be oil, so far... YEE HAW!!!!!!!!!!! Just like the good ol' days, except gold ain't doin' sh!+ either.

Esso posted on 2020-03-09 14:58:19   Reply   Private Reply

#2: Horse    To: Esso (#1)

Gasoline prices don't usually change until a Thursday rolls around. Interesting to see how much the price per gallon drops by Thursday next week. Of course a lot of that is gas taxes.

Horse posted on 2020-03-09 16:06:34   Reply   Private Reply