RATE Group | Cryptocurrency Community Explodes In Chatter Over Oil and Stocks
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Cryptocurrency Community Explodes In Chatter Over Oil and Stocks

Cryptocurrency Community Explodes In Chatter Over Oil and Stocks

Yesterday, the world was aghast as they watched oil prices tumble into negative territory for the first time in history. The shocking price drop took the cryptocurrency community by storm, who have compared the long-traded commodity to an illiquid altcoin.

But this isn’t the first time crypto traders are showing an increased interest in traditional markets, with increasing chatter around the stock market, gold, and much more.

Cryptocurrency Community Increasingly Turns to Traditional Markets Amidst Historic Volatility

Cryptocurrencies like Bitcoin, Ethereum, and Ripple turned many everyday Joe’s into investors and traders for the first time. The allure of the emerging financial technology and wealth-generating rallies introduced investing and trading to many millennials for the first time.

Boomers who have long controlled the wealth in the world, preferred stocks, commodities, forex, and more.

But as cryptocurrency assets plummeted in valuations, and with traditional markets more…

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