29 Feb Gold Crash Ignites Financial Crisis Fears, Is Bitcoin (BTC) Just Getting Started?
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The world of finances has been hit hard in the last week. All major markets are in the red. That is, including our beloved Bitcoin. This has week-long ignited fears of a financial crisis. But during this bear phase, one asset has been performing well, gold. Gold and a number of other metals have been in the green for much of the week.
Today, however, most metals have taken a big hit. Gold has joined the drop, marking one of its worst days since 2013.
Resemblance To The 2009 Financial Crisis
The latest drop has reignited a fear that the world is about to experience a financial crisis like seen in 2009. Already, the stock market is down. This week saw it mark the worst drop since 2009. Bonds yields around the world are also in their worst run in ten years.
Stock market down 📉
Crypto market down 📉
Gold/Silver market down 📉
Oil prices down 📉
Bond yields down 📉— Mr. Whale 🐋 (@cryptowhale) February 28, 2020
The crypto market and oil have also faced the same fate….
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