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Crashes

Bitcoin Crashes Along With U.S. Stocks, Exposing ‘Haven’ Myth

Bitcoin’s price touched an intraday low of $8,620.00, its worst showing in a month. The sudden drop follows a chaotic two days for U.S. stocks, as the Dow crashed almost 2,000 points over that stretch. Gold has rallied in the wake of the stock-market collapse while bitcoin has languished. Bitcoin’s price declined sharply on Wednesday,…

Dow Jones Crashes 1,000 Points But Warren Buffett Says Don’t Panic

The Dow Jones nosedived Monday, but investors who are willing to take a risk could use this dip to nab value stocks. Warren Buffett reminded investors not to panic over the weekend as coronavirus spread throughout Italy. While the virus is likely to dent global growth, the impact is still likely to be temporary It…

Crude Oil Crashes to 13-Month Low Amid Devastating Supply Shock

U.S. crude futures slide below $50 a barrel for the second time this month. Chinese energy demand is said to be plunging in the wake of the coronavirus outbreak. Russia and Saudi Arabia are at odds about production cuts, which threatens to undermine Moscow’s testy relations with OPEC. Crude prices nosedived on Monday, as the…