After a Wild Ride, Stocks Take a Breather and Crypto Bounces Back
Cryptocurrency markets stabilized somewhat as traditional financial markets found some footing Tuesday.
The March 12 crash is still fresh in crypto traders’ and fund managers’ minds, leaving some to think no trading decisions are the best decisions for now.
Gold is up Monday and so are most cryptocurrencies, seemingly buoyed by the U.S. Federal Reserve's drastic action to thwart the coronavirus’ effects on markets and the economy.
Crypto prices climbed with traditional market indexes Monday as traders wondered if bitcoin will remain a follower or break out and blaze its own path.
Traditional markets continue to struggle during the coronavirus crisis while cryptocurrencies are seeing an upswing.
Prices in the crypto market are seeing such a steep upward trend that arbitrage traders are able to trade between exchanges to easily capture profit.