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RE: What is going on today?

in #market6 years ago

Why the stock market went down so much

https://eu.usatoday.com/story/money/2018/10/10/why-stock-market-went-down-so-much/1593803002/
FUD is/was everywhere and today was a red day in the stockmarkets, once again we can see a small correlation between crypto and stock markets.

Interest rates are rising, because of the good situation lived in the US and that´s a problem. "Higher interest rates means bonds pay out bigger streams of interest to investors, which makes fixed-income investments a legitimate alternative to stocks."

Relation between tether and bitfinex problems?!?!

https://cryptovest.com/news/tether-usdt-exits-bitfinex-wallet/

  • Rumors about bitfinex insolvency!
    Much of the rumor has surfaced because of the broker's link with Noble Bank International, which also provides services to Tether Limited, which is the company responsible for issuing USD Tether.

  • More than 110 million USDT exited Bitfinex overnight.
    "The continued emptying of the Bitfinex Bitcoin wallet that is also happening at a faster pace is pointing to a reaction on fears of the exchange’s stability."

Crytpo recent move

We just went down a little bit, almost touching our support line, but as always it holds strong and we are bouncing right back up. What happened was a failure trying to go above the resistance line...
Basically it decided that it won't go up for now, maybe latter!

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