Another day, another rollercoaster ride for the markets.
Today, we’re on the upswing, as both the stock market and cryptocrypto have seemingly reacted positively to news that the White House plans to soon distribute economic aid to US citizens as a way of counteracting the economic conditions caused by the coronavirus pandemic.
The total market cap for the cryptocurrencycryptocurrency market has jumped back to $150 billion—up from $145 billion yesterday. The price of BitcoinBitcoin is now roughly $5,400 per coin, an increase of more than 5% from the previous day, and up $200 since this morning.

Bitcoin price sees a small uptick after huge crash
The price of Bitcoin (BTC) has seen a minor recovery during the last day, following its 50% price drop. Bitcoin's price now sits at $5,290—up 12% from yesterday's low of $4,583. After further losses yesterday morning—as the Asian markets reacted to the decisions made by the Federal Reserve on Sunday—the price of Bitcoin has bounced back. However, Bitcoin has experienced several two similar spikes in the last week, each time jumping more than 10% before falling back into a bearish trend. So it mi...
Ethereum and Ripple’s XRP—two of Bitcoin’s primary competitors—have also experienced slight increases in price. Ethereum is currently trading for $118 per token, while XRP is back to being valued at nearly $0.15 per coin.
The stock market appears to be leading the way. The Dow today surged 500 points—a marked turn from yesterday’s disastrous fall of close to 3,000 points in one day. It was the worst stock market crash in more than 30 years.
The S&P and the NASDAQ have also improved somewhat and have incurred 5% gains.
The uptick followed an announcement from President Donald Trump that the White House is now considering issuing “immediate” cash payments to Americans as a way of stimulating the economy.