Press Release: S&P 500 Drops 40% in Bitcoin Terms This Year.

2020-8-12 01:21
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Although Bitcoin fell in March and mid-May in the short term, a new report from Ecoinometrics shows Bitcoin is up 70% through the start of the year, while the S&P 500 is up 2% . The situation for fixed assets has strengthened, with gold prices rising 35% to record highs last month. Considering the slight increase in commodity prices for cryptocurrencies, the S&P 500 estimate is down 40% in Bitcoin terms. The S&P 500 fell 35% in March, its biggest drop since the Great Depression. It shows that the (American) bankruptcy of financial institutions in the economy affects the economy, with commodities, commodities and cryptocurrencies supporting all assets such as commodities, gold and bitcoin.

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Spot gold also fell, now below $ 1,940 an ounce, down more than 4.3% on the day.
2020-8-12 01:10