$82,308.00
7.24%$1,639.79
11.89%$2.04
11.91%$580.26
5.07%$118.83
14.23%$0.99988
-0.00%$0.160219
11.92%$0.632687
12.63%$0.236123
2.36%$1,636.34
11.85%$82,106.00
7.08%$9.35
4.09%$12.57
15.11%$3.20
7.17%$18.52
15.14%$0.999787
-0.02%$0.243701
9.87%$2.25
13.50%$0.17016
14.58%$0.00001191
11.38%$1,960.77
11.55%$6.43
4.34%$307.62
13.71%$77.55
12.76%$3.69
8.01%$1.001
0.24%$0.998789
-0.01%$4.22
4.72%$13.78
24.11%$1,635.98
11.71%$0.63089
11.92%$28.04
1.56%$202.55
2.59%$1,743.33
11.82%$53.91
6.66%$5.37
9.65%$1.048
0.10%$0.00000695
16.17%$4.78
10.24%$82,210.00
6.91%$0.870821
21.26%$22.17
6.91%$2.07
9.47%$29.94
3.77%$4.95
9.67%$0.087154
7.25%$0.704068
5.28%$15.25
8.47%$1.00
0.00%$1.16
0.11%$141.29
11.31%$4.51
7.92%$228.15
16.93%$0.0221435
12.66%$0.998143
0.24%$0.068548
13.43%$0.320265
15.04%$3.39
19.10%$82,055.00
7.07%$4.03
0.05%$8.13
8.22%$2.50
10.94%$0.186136
10.93%$0.178706
12.96%$0.474855
17.35%$2.54
7.63%$0.295619
11.75%$82,177.00
7.30%$3.63
7.35%$10.16
10.34%$4.58
9.56%$1,390.56
12.43%$0.436113
14.82%$0.667456
13.23%$0.709602
3.22%$0.374214
11.64%$0.066608
5.81%$0.01660777
44.22%$1.04
8.37%$0.999998
-0.03%$123.93
14.66%$1,643.64
12.33%$66.16
10.95%$1,702.34
11.78%$0.602951
13.03%$15.95
2.16%$0.701426
13.58%$0.00001101
14.69%$1.001
0.07%$0.335878
7.23%$0.99938
0.05%$1,847.32
11.82%$0.999066
-0.04%$8.00
13.98%$0.998248
0.01%$0.769028
11.39%$3,103.09
3.83%$0.155946
10.03%$0.079089
9.38%$0.420877
11.43%$0.742374
33.88%$81,811.00
7.16%$3,110.71
3.77%$0.528964
16.91%$580.74
4.94%$82,293.00
7.10%$0.722824
15.84%$1,743.33
12.45%$0.25963
11.93%$0.999316
0.05%$0.01415943
10.04%$0.598523
3.80%$0.103598
7.80%$37.78
9.32%$0.161679
10.78%$0.00000059
5.33%$0.460392
12.83%$28.57
11.22%$1.93
14.83%$0.01145973
15.93%$3.39
22.91%$0.346965
10.86%$152.26
14.04%$1.73
8.88%$0.999754
0.05%$0.00005409
14.28%$1.76
12.71%$0.502721
5.37%$1,706.48
11.87%$2.77
9.73%$0.998362
0.10%$129.08
12.92%$14.42
14.78%$0.999799
0.21%$0.433735
6.44%$0.999802
-0.01%$0.067235
-2.05%$0.127701
10.33%$1.68
1.79%$80,049.00
8.91%$0.00491872
26.46%$0.476587
16.87%$4.08
11.83%$1.11
2.40%$0.562261
10.14%$0.228466
11.33%$82,020.00
7.50%$0.15706
-0.50%$0.16021
12.16%$82,196.00
7.37%$0.00726918
17.78%$0.00000041
2.24%$5.76
10.85%$1.082
-0.00%$110.62
0.01%$1.00
0.04%$0.999407
-0.05%$0.137378
14.24%$0.999677
0.04%$14.07
11.84%$1,744.93
11.94%$1.11
11.45%$2.41
10.48%$0.074188
13.87%$0.03875056
8.44%$82,026.00
7.06%$0.00001857
9.69%$0.368056
14.34%$22.28
-4.54%$40.27
9.82%$1,637.85
12.32%$5.40
10.83%$77,106.00
-0.16%$0.57041
8.53%$0.176518
10.09%$1.001
0.18%$0.075808
7.54%$0.0064943
12.87%$1,639.06
11.52%$0.421034
10.22%$1,641.30
12.35%$1.58
11.86%$0.00000162
2.92%$4.01
10.13%$0.782685
5.14%$0.186098
10.96%$1.003
0.14%$1,661.37
8.92%$0.999798
0.06%$0.0000583
8.77%$0.487213
10.00%$0.00937218
9.10%$0.327747
9.46%$1,634.87
11.70%$0.375271
19.26%$1,673.39
12.51%$0.02985891
2.93%$0.998711
-0.18%$0.00347728
8.39%$0.999283
0.08%$2.59
12.46%$0.02810826
13.13%$0.00439762
11.80%$0.13202
8.49%$103.76
8.58%$82,068.00
7.03%$0.225452
17.93%$1,615.84
11.76%$3,086.59
3.55%$0.211559
9.46%$1,639.29
12.28%$2.68
4.70%$20.78
8.35%$1.06
9.97%$1.017
8.99%$0.00040856
66.36%$0.43582
6.34%$81,180.00
5.89%$0.54079
7.67%$0.485135
7.02%$0.999862
-0.03%$0.240088
9.14%$0.172449
11.39%$21.52
5.90%$1,730.93
11.78%$0.03364364
13.21%$0.02939796
4.63%$1,794.30
12.36%$1,651.84
7.07%$13.59
9.70%$0.653865
11.94%$0.903969
2.28%$18.50
14.80%$0.997852
0.05%$0.094899
9.89%$1,781.79
11.67%$0.510829
3.29%$12.67
-3.71%$0.01069769
10.72%$0.46695
17.20%$1.00
0.02%$0.00279036
14.77%$82,217.00
7.40%$2.62
4.86%$0.999216
0.01%$0.05528
12.55%$1,597.86
8.82%$1.92
12.71%Reading
Bitcoin has fallen less than major US equity indices in the first quarter of 2020, as the Dow Jones, S&P 500 and Nasdaq were dealt heavy blows this year.
Starting the year at $7,182, Bitcoin experienced a month of bullish momentum, pushing it up to almost $10,400 by mid-February. However, like practically all markets, Bitcoin began to take a turn for the worst and briefly fell below $5,000 in mid-March before recovering back to $6,355 today. In total, Bitcoin is down just 10% in Q1 2020.
US equities have fared even worse this year. Since the start of the year, the Dow Jones and the S&P 500 witnessed their worst first-quarter loss in history, after the Dow lost 23% of its value so far in 2020, while the S&P 500 lost 20%. Nasdaq performed slightly better, losing 14% of its value in the first quarter of 2020.
The cause behind the recent sell-off is no secret. Shortly after the World Health Organization declared the recent coronavirus outbreak a pandemic, almost all financial markets were sent tumbling, with most stocks, cryptocurrencies, and commodities suffering shattering losses. Oil is at its lowest value since 2002.
Euro Pacific Capital CEO Peter Schiff has commented on the declining price of Bitcoin over the last few days. The stockbroker is well known for being bearish on Bitcoin and the recent price crash has added fuel to the fire. “As Bitcoin crashes below 7K hodlers going down with the ship can no longer take comfort in Bitcoin still being up for the year. As the air continues to come out of this bubble, the faithful will always be able to point to a past date from which the price of Bitcoin is still...
While the US government has approved a $6 trillion stimulus package, including a $1,200 cheque to every low or middle-income American adult, the market has not fully recovered. Some worry that the bill will simply devalue the dollar and that the markets won't recover.
"In 2008 the dollar rallied from a record low before the Fed showed its cards with QE. The dollar then fell sharply until the Fed bluffed the QE game was over. This time the Fed was even quicker to reveal an even weaker hand of never-ending QE. Now it's game over for the dollar," tweeted Peter Schiff, CEO of Euro Pacific Capital.
In 2008 the dollar rallied from a record low before the Fed showed its cards with QE. The dollar then fell sharply until the Fed bluffed the QE game was over. This time the Fed was even quicker to reveal an even weaker hand of never-ending QE. Now it's game over for the dollar.
— Peter Schiff (@PeterSchiff) March 26, 2020
Not all markets have suffered though. Gold is one of a handful of markets that is still showing gains this year, after increasing four percent in the first quarter.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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